Wells Fargo lowered the firm’s price target on Dana to $13 from $14 and keeps an Equal Weight rating on the shares. The firm notes Dana shares fell about 8% after a slight Q4 beat. Performance likely reflected a guide perceived as too optimistic, an EV-weighted backlog and poor free cash flow, Wells argues.
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- Dana Announces Sale of European Hydraulics Business
- Dana Holding Announces Latest Quarterly Financial Results
- Dana Incorporated Reports 2023 Record Sales and Profit Growth of 21 Percent, Including Margin Improvement of 110 Basis Points; Company Increases New Business Sales Backlog to Record $950 Million
- Dana to Pay Dividend on Common Stock
- Dana price target lowered to $19 from $21 at JPMorgan
