Stock Track | BorgWarner Soars 5.25% Intraday on Multiple Analyst Upgrades and Price Target Hikes

Stock Track02-12 22:59

BorgWarner's stock price surged 5.25% during intraday trading on Thursday, following a wave of positive analyst actions from several major financial institutions.

The sharp upward movement was driven by a series of rating upgrades and significant increases in price targets. Deutsche Bank upgraded the stock to Buy from Hold and raised its target price to $82 from $46. Similarly, Barclays lifted its target to $70 from $55, Wells Fargo raised its target to $75 from $52, and JP Morgan increased its target to $76 from $56.

Additional bullish sentiment came from TD Cowen, which raised its target to $66 from $45, Piper Sandler, which increased its target to $60 from $51, and Morgan Stanley, which raised its target to $60 from $49 while maintaining an Equalweight rating. These collective actions reflect growing analyst confidence in the company's prospects.

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