BorgWarner Inc. stock (US0991991063): Wells Fargo lifts price target to USD 83

BorgWarner shares traded around USD 71 on the NYSE after Wells Fargo raised its price target on the US auto supplier to USD 83 on 06/02/2026, while large shareholder Legal & General reported a sharply reduced stake in a recent SEC filing.

BorgWarner Inc. shares on the New York Stock Exchange were quoted around USD 71 in afternoon trading on 06/02/2026 after a fresh analyst move from Wells Fargo and updated ownership disclosures shed new light on sentiment toward the US automotive supplier.

According to a report dated 06/02/2026, Wells Fargo analyst Colin Langan reiterated an "Overweight" view on BorgWarner and raised his 12-month price target to USD 83 from USD 68, implying a target increase of roughly 22 percent compared with the prior level and modest upside from the stock's latest trading price.

The company is headquartered in Auburn Hills, Michigan, and its primary listing is on the NYSE under the ticker BWA, making developments in US sell-side coverage and SEC ownership filings particularly relevant for investors following the stock from the United States.

Separate from the rating action, a recent Form 13F filing with the US Securities and Exchange Commission shows that Legal & General Group Plc cut its BorgWarner holding by 47.0 percent in the fourth quarter, selling 325,713 shares and ending the period with 366,599 shares valued at about USD 16.5 million.

The stock traded at around USD 70.90 on 05/22/2026 on the NYSE, placing it well below the new Wells Fargo price objective but still meaningfully above levels seen a year earlier, as BorgWarner's shares have benefited from exposure to electrification and powertrain components for global automakers.

As of: 06/02/2026

By the editorial team - specialized in equity coverage.

At a glance

• Name: BorgWarner Inc.
• Sector/industry: Auto, truck and motorcycle parts supplier
• Headquarters/country: Auburn Hills, United States
• Core markets: North America, Europe and Asia for light vehicles and commercial vehicles
• Key revenue drivers: Powertrain systems, electrification components and thermal management solutions for global automakers
• Home exchange/listing venue: New York Stock Exchange (BWA)
• Trading currency: USD

BorgWarner Inc.: core business model

BorgWarner focuses on supplying powertrain and electrification technologies to global vehicle manufacturers, generating most of its revenue from components that improve efficiency and support the shift toward hybrid and battery-electric drivetrains.

Latest quarterly results for BorgWarner Inc. at a glance

BorgWarner reported its first-quarter 2026 figures on 05/06/2026, providing the latest detailed snapshot of its operating performance and end-market trends as the automotive industry continues to balance internal combustion demand with electrification investment.

On that date, management discussed Q1 2026 revenue and earnings on an earnings call, outlining the contributions from its powertrain and electrification-focused segments and updating investors on order activity with key original equipment manufacturer customers.

Conclusion

The combination of Wells Fargo's higher USD 83 price target and the significant reduction in holdings by Legal & General underscores that professional market participants are actively reassessing BorgWarner's risk and reward profile as of early June 2026.

Against the backdrop of its Q1 2026 update on 05/06/2026, which highlighted the importance of powertrain and electrification programs for global automakers, the stock's current level below the latest target suggests that upcoming operational milestones and order trends will remain in focus for investors tracking the US-listed supplier.

Disclaimer: This article does not constitute investment advice. The comprehensive scope of this informative article was made possible through the use of a.i.. Stocks are volatile financial instruments.