BWA BorgWarner Inc

BorgWarner, Inc. (BWA) continues to focus on new product launches supported by new business opportunities and acquisitions. Demand for its fuel-efficient engines and transmissions have grown stronger due to more stringent government regulations. As a result, the company's revenues soared 28% in the second quarter of 2011, despite a drop in global vehicle production.

Furthermore, the company expects 25% to 28% growth in sales in 2011. Its profit significantly exceeded the Zacks Consensus Estimate by $0.14 per share during the reported quarter.

Our long-term Outperform recommendation on the stock indicates that it will perform better than the overall market. Our $82 target price, 18.6X our 2011 EPS estimate, reflects this view.
 
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