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Upgrade Alert for BorgWarner (BWA)

By Nick Russo

BorgWarner (NYSE:BWA) was upgraded from Hold to Buy at Keybanc today. The stock closed yesterday at $77.29 on volume of 1.0 million shares, below average daily volume of 1.2 million.

Potential upside of 1.8% exists for BorgWarner, based on a current level of $77.29 and analysts' average consensus price target of $78.69. BorgWarner shares have support at the 200-day moving average (MA) of $69.99 and additional support at the 50-day MA of $69.02.

BorgWarner share prices have moved between a 52-week high of $87.45 and a 52-week low of $60.17 and closed yesterday at 28% above that low price at $77.29 per share. Over the last five market days, the 200-day moving average (MA) has gone down 0.2% while the 50-day MA has advanced 1.5%.

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.

SmarTrend recommended that subscribers consider buying shares of BorgWarner on November 29th, 2012 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $65.78. Since that recommendation, shares of BorgWarner have risen 17.5%. We continue to monitor BWA for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: analyst upgrades/downgrades BorgWarner

Ticker(s): BWA