SOURCE: Rothman Research

Rothman Research

June 17, 2010 08:34 ET

Auto Parts Industry Riding the 'Upgrade' Wave

JOHANNESBURG, SOUTH AFRICA--(Marketwire - June 17, 2010) - www.rothmanresearch.com -- The U.S. automobile industry went through what could be the worst turmoil of its history and has experienced some of the most dramatic restructuring imaginable. Nonetheless, recovery in this industry has been remarkable with auto makers seeing sales improvement in the few months of 2010. With auto makers on the go once again, the natural trend followers have been auto part suppliers. Last week, Moody's raised its outlook for the U.S. auto parts suppliers to positive citing surging demand for auto parts as vehicles sales go up.

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Morgan Stanley took the same initiative this week, lifting the industry's outlook to 'Attractive' and in the process the analyst upgraded two of the industry's players, Johnson Controls Inc. (NYSE: JCI) and TRW Automotive Holdings Corp. BorgWarner Inc. (NYSE: BWA) also got its rating upgraded from hold to buy by UBS in the most elegant of ways. UBS stated that BorgWarner's unique positioning in the auto parts industry could result in the company's organic growth to radically exceed that of the industry.

*Free downloadable research reports on Johnson Controls Inc. and BorgWarner Inc. are available by signing up now at http://www.rothmanresearch.com/article/jci/23592/Jun-17-2010.html or http://www.rothmanresearch.com/article/bwa/23593/Jun-17-2010.html

The auto parts industry is now forging ahead as U.S. auto market improves. Now with the world's biggest auto market located in the Far East, the auto part suppliers in the U.S. will be looking forward for growth. 

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