BorgWarner Continues to Outperform
The global auto market is slowing, but you wouldn't know it from the latest results from vehicle technology company BorgWarner, Inc (NYSE: BWA). The company has consistently demonstrated an ability to outgrow its end markets. As a consequence, its strong set of third-quarter results encouraged management to raise full-year guidance and left analysts wondering if BorgWarner's earnings growth could accelerate. Let's take a look at what happened in the third quarter.
BorgWarner continues to grow revenue more than the car industry grows production. Image source: Getty Images.
Starting with the headline numbers from the quarter:
Source: Fool.com
Borgwarner Inc. Stock
€55.32
0.580%
Borgwarner Inc. is currently one of the favorites of our community with 20 Buy predictions and no Sell predictions.
As a result the target price of 64 € shows a slightly positive potential of 15.69% compared to the current price of 55.32 € for Borgwarner Inc..
