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Morgan Stanley Raises Its Price Target On BorgWarner Inc. (BWA)
Yahoo Finance· 2026-01-02 20:27
BorgWarner Inc. (NYSE:BWA) is among the 9 Best Auto Stocks to Buy Now. Morgan Stanley Raises Its Price Target On BorgWarner Inc. (BWA) According to TheFly, on December 8, 2025, Morgan Stanley reduced BorgWarner Inc. (NYSE:BWA) to Equal Weight from Overweight and boosted its price objective to $49 from $42 due to an analyst coverage adjustment. The rating modification was a part of a larger adjustment related to the company’s 2026 outlook that affected the cars and shared mobility segment. Morgan Stanley ...
Melius Research Raises Cummins Inc. (CMI) from Hold to Buy, Share Price Reaches All-Time High
Yahoo Finance· 2025-10-01 22:44
Group 1 - Cummins Inc. is recognized as one of the best stocks to buy and hold for a lifetime, demonstrating consistent revenue and dividend growth [1] - Melius Research upgraded Cummins Inc. from Hold to Buy, citing demand for artificial intelligence as a significant growth driver [2] - The company has a market valuation of $54.46 billion and annual revenue of $33.72 billion, operating in various sectors including Engine, Distribution, Components, Power Systems, and Accelera [2] Group 2 - Despite a prolonged downturn in the truck market, Cummins has made operational enhancements and expanded capacity in large engines, which are seen as appealing factors [3] - Cummins shares reached an all-time high of $408.71, reflecting a 41% total return over the past year, alongside a commitment to ongoing shareholder returns with 55 consecutive years of dividend payments averaging about 2% [3] - Analysts expect that operational efficiency and AI-driven infrastructure growth will further enhance sales and profits for Cummins [3] Group 3 - Cummins supplies diesel and natural gas-powered engines, drivetrain systems, and equipment for trucks, trailers, and off-highway applications globally [4]
Greenland Rises 6% Year to Date: Should You Buy the GTEC Stock?
ZACKS· 2025-06-27 16:21
Core Insights - Greenland Technologies (GTEC) shares have appreciated 6.1% year to date (YTD), underperforming the Zacks Electronics – Miscellaneous Products industry's return of 10.7% but outperforming the Zacks Computer and Technology sector's return of 4.4% [1] Company Overview - Greenland is a developer and manufacturer of drivetrain systems for material handling machinery and electric industrial vehicles (HEVI), offering transmission products essential for forklift trucks used in manufacturing and logistics [2] - The automotive transmission components market is projected to grow at a CAGR of 5.6% from 2025 to 2030 [2] Competitive Landscape - Greenland faces competition from Dana Incorporated, BorgWarner, and American Axle & Manufacturing Holdings in the drivetrain systems sector [3] - Dana's shares appreciated 49.5% YTD, while BorgWarner's increased by 5.7%, and American Axle's shares dropped by 27.9% YTD [4] Stock Performance - GTEC stock is currently trading above the 50-day and 200-day moving averages, indicating a bullish trend [7] - The stock is up 6.1% YTD, with a gross margin increase of 580 basis points to 30.7% due to a focus on high-value hydraulic transmission products [8] Financial Performance - In Q1 2025, revenues declined 4.6% year over year to $21.68 million, with 38,734 sets of transmission products sold to over 100 forklift manufacturers in China [11] - The gross margin expanded to 30.7%, and income from operations surged 149.6% year over year to $4.81 million, leading to earnings of 29 cents per share, up 61.1% year over year [12] Future Prospects - Greenland's HEVI unit launched new electric vehicle models and expanded U.S. production with a new assembly site in Baltimore [8][14] - HEVI's product line includes various electric forklifts and heavy equipment, with a focus on lithium-powered models [14][15] - A partnership with Lonking Holdings Limited aims to develop and distribute heavy electric machinery for the U.S. market [16] Customer Concentration - Greenland's revenue is significantly concentrated, with the five largest customers accounting for 41.27% of total revenues, posing a risk if any major customer is lost [17] Valuation - Greenland shares are considered undervalued, trading at a Price/Book ratio of 0.48X compared to the industry's 11.03X, indicating a cheap valuation [18] Investment Recommendation - Despite competition and customer concentration risks, Greenland's diversified portfolio and strong financial performance suggest a favorable investment outlook, supported by a Zacks Rank 2 (Buy) [21]