BorgWarner's lean into hybrids, Chinese OEMs earns upgrade at Baird

6 days ago 1
BorgWarner technical center. BorgWarner designs and builds transmissions as well as components for electric vehicles.

Shares of BorgWarner (NYSE:BWA) are in the green for the first time in five days as an upgrade to Outperform from Neutral at Baird underscored the company’s favorable leverage to hybrids, consistently positive margin trends, and potential valuation “buoyancy.”

“We

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