UPDATE 1-RESEARCH ALERT-Keybanc raises BorgWarner to buy


(Recasts, adds details) Sept 29 (Reuters) - KeyBanc Capital Markets upgraded auto parts maker BorgWarner Inc to "buy" from "hold," saying robust demand for the company's products will drive revenue and margins, resulting in double-digit earnings growth. Revenue growth should be driven primarily by new business and operating margin should rise due to restructuring of the company's drivetrain business, the brokerage said. The company had earlier said it plans to cut 1,000 jobs, or 16 ...

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