Gabelli Maintains BorgWarner Buy (BWA)

Gabelli & Company maintained its BorgWarner BWA Buy rating in a research report published today. In the report, Gabelli states, "We continue to recommend BWA as we expect further outperformance from the company as demand for its fuel efficient engine technology outpaces overall global auto demand. We estimate BWA will earn $3.95 in 2011, growing to $4.75 in 2012." Shares of BorgWarner were trading at $74.67 at the time of posting, up 1.22% from Thursday's market close.