BorgWarner rises after UBS hikes to 'buy'
10/06/2026 15:31
BUZZ-BorgWarner rises after UBS hikes to 'buy' ** Shares of auto parts supplier BorgWarner BWA.N up more than 2% at $75 in morning trading
** UBS upgrades BWA's rating to "buy" from "neutral", lifts price target to $95 from $61
** New PT implies an upside of 29.7% from BWA's last close
** UBS bullish on co's turbo cell demand, expecting 3.6 GW output by 2030 with ~20%-26% contribution to sales and earnings
** Says BWA is tapping microgrids and battery energy storage systems, with early 800VDC inverter tests showing positive feedback
** 11 of 17 brokerages rate the stock "buy" or higher, six "hold"; their median PT is $70 - data compiled by LSEG
** Including session's moves, shares up 65.9% YTD
(Reporting by Apratim Sarkar in Bengaluru)