Dana price target lowered to $14 from $16 at Deutsche Bank

Deutsche Bank analyst Emmanuel Rosner lowered the firm’s price target on Dana to $14 from $16 and keeps a Hold rating on the shares. The post-earnings selloff reflects not only the weaker margin outlook for 2023, but also realization that the company’s net inflationary costs and heightened electric vehicle spending could drag on profitability and free cash flow at least until mid-decade, the analyst tells investors in a research note.