BUZZ - Morgan Stanley upgrades BorgWarner's rating to "Overweight," leading to a sharp rise in its share price

路透社2026/10/06 13:21

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October 6 – Automotive parts supplier BorgWarner (BWA.N) saw its shares rise by 5.3% in premarket trading to $63.4. Morgan Stanley upgraded its rating from “neutral” to “overweight,” and raised its target price from $71 to $95, representing an approximately 58% premium over BWA’s previous closing price of $60.26. The firm cited slower-than-expected transition to electric vehicles and resilient demand for gasoline and hybrid cars as factors that could support the company’s earnings outlook. Morgan Stanley also believes the company’s emerging data center generator business could become a new growth and high-margin earnings driver. Morgan Stanley expects the engineering contracting business to accelerate growth by 2027; however, overcoming the obstacles to initial customer adoption is viewed as a risk. Of 16 brokerages, 12 have a “buy” or higher rating on the stock, while 4 rate it “hold”; the median price target is $80, according to data compiled by LSEG. As of the previous closing day, the stock has risen 33.7% year-to-date. (For the convenience of non-English speakers, Reuters automatically translates its reports into several other languages. Because automated translations may be inaccurate or fail to capture the original context, Reuters does not guarantee the accuracy of these translated texts and provides them solely for reader convenience. Reuters accepts no liability for any harm or loss resulting from the use of automated translation features.)

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