BorgWarner Upgraded by Wolfe Research, Shares Rise 2%

Wolfe Research upgraded BorgWarner (NYSE: BWA) to Outperform from Peerperform and set a $68 price target, with shares rising more than 2% intra-day Wednesday. The firm cited a compelling opportunity in the company’s power generation segment, noting that while investor skepticism remains, favorable supply-demand dynamics—particularly in primary power—combined with competitive product specifications and attractive total cost of ownership could support growth. Wolfe estimated that the opportunity could generat ...