By: Benzinga
UPDATE: Sterne Agee Downgrades BorgWarner to Neutral on Valuation, Europe Pressures
Sterne Agee downgraded BorgWarner (NYSE: BWA ) from Buy to Neutral. Sterne Agee noted, "We have downgraded our rating on BWA to Neutral from Buy, reflecting lower earnings assumptions for 2013 and 2014 as well as the current valuation level. BWA is among the best positioned suppliers globally to supply
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