Dana price target lowered to $15 from $16 at Barclays

Barclays analyst Dan Levy lowered the firm’s price target on Dana to $15 from $16 and keeps an Equal Weight rating on the shares. The analyst expects the overhang from free cash flow generation to continue, especially as investors focus on shareholder returns. The company’s electric vehicle progress encouraging, but the balance of spend will be critical, the analyst tells investors in a research note.