BorgWarner jumps after Morgan Stanley upgrades to overweight

BorgWarner

06/10/2026 14:11

** Shares of auto parts supplier BorgWarner BWA.N rise 5.3% to $63.4 premarket
** Brokerage Morgan Stanley upgrades stock to "overweight" from "equal-weight", raises PT to $95 from $71, a premium of about 58% from BWA's last close of $60.26
** Says a slower-than-expected shift to electric vehicles and resilient demand for gasoline-powered and hybrid vehicles could support co's earnings outlook
** Its emerging data-center power generator business could prove new source of growth and higher-margin earnings - Morgan Stanley
** MS expects contracting activity to accelerate into 2027; however, overcoming the hurdle of initial customer adoption seen as risk
** 12 of 16 brokerages rate the stock "buy" or higher and four "hold"; median PT is $80 - data compiled by LSEG 
** As of last close, stock up 33.7% YTD

(Reporting by Anand Gopal in Bengaluru)
((AnandGopal.R@thomsonreuters.com))