All About Auto Parts Today

The eagle-eyed research observer from Notable Calls has picked up on something this morning that bears notice.

The site looks at several upgrades in the auto parts sector this morning, some from UBS and some from Morgan Stanley...

UBS is out with a lengthy note titled: "Which Technologies Will Benefit Most from Fuel Economy Regulation?" In this report, they have identified the lowest cost technologies needed to meet US fuel economy targets. Based on their analysis, they forecast that dual clutch transmissions (DCTs) and turbochargers will have the best growth prospects. The firm is raising their 2012 to 2014 EPS estimates for Borg Warner (NYSE:BWA) to reflect the outsized growth of these technologies.

Borg Warner ($BWA) is the pick with an upgrade to Buy and a $50 price target.

Also, Morgan Stanley gets bullish on TRW Automotive ($TRW), Borg Warner ($BWA) and Johnson Controls ($JCI).

Click over for the bull case on this group.

Source:

Auto Parts Day (Notable Calls)

Full Disclosure: Nothing on this site should ever be considered to be advice, research or an invitation to buy or sell any securities, please see my Terms & Conditions page for a full disclaimer.

You might be interested in:
blog comments powered by Disqus

In partnership with CNN Money Part of the CNN Network