Auto Parts Industry Riding the 'Upgrade' Wave
17 June 2010 - 10:34PM
Marketwired
www.rothmanresearch.com -- The U.S. automobile industry went
through what could be the worst turmoil of its history and has
experienced some of the most dramatic restructuring imaginable.
Nonetheless, recovery in this industry has been remarkable with
auto makers seeing sales improvement in the few months of 2010.
With auto makers on the go once again, the natural trend followers
have been auto part suppliers. Last week, Moody's raised its
outlook for the U.S. auto parts suppliers to positive citing
surging demand for auto parts as vehicles sales go up.
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Morgan Stanley took the same initiative this week, lifting the
industry's outlook to 'Attractive' and in the process the analyst
upgraded two of the industry's players, Johnson
Controls Inc. (NYSE: JCI) and TRW Automotive Holdings Corp.
BorgWarner Inc. (NYSE: BWA) also got its
rating upgraded from hold to buy by UBS in the most elegant of
ways. UBS stated that BorgWarner's unique positioning in the auto
parts industry could result in the company's organic growth to
radically exceed that of the industry.
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The auto parts industry is now forging ahead as U.S. auto market
improves. Now with the world's biggest auto market located in the
Far East, the auto part suppliers in the U.S. will be looking
forward for growth.
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