Upgrade Alert for BorgWarner (BWA)
BorgWarner (NYSE:BWA) was upgraded from Neutral to Buy at Goldman Sachs today. The stock closed yesterday at $40.64 on volume of 2.0 million shares, below average daily volume of 2.7 million.
BorgWarner (NYSE:BWA) has potential upside of 60.1% based on a current price of $40.64 and analysts' consensus price target of $65.07. The stock should run into initial resistance at its 50-day moving average (MA) of $42.58 and subsequent resistance at its 200-day MA of $53.23.
BorgWarner, Inc. supplies engineered systems and components, primarily for automotive powertrain applications. The Company's products are manufactured and sold worldwide, primarily to original equipment manufacturers of passenger cars, sport utility vehicles, and light trucks. BorgWarner operates manufacturing facilities in North America, Europe, and Asia.
In the past 52 weeks, shares of BorgWarner have traded between a low of $37.33 and a high of $63.30 and closed yesterday at $40.64, which is 9% above that low price. The 200-day and 50-day moving averages have moved 0.43% lower and 0.39% lower over the past week, respectively.
SmarTrend is tracking the current trend status for BorgWarner and will alert subscribers who have BWA in their portfolio or watchlist when shares have changed trend direction.
Keywords: analyst upgrades/downgrades BorgWarner