Dana price target lowered to $17 from $21 at Barclays

Barclays analyst dan-levy’ target= ‘_blank’; rel=’nofollow’>Dan Levy lowered the firm’s price target on Dana to $17 from $21 and keeps an Equal Weight rating on the shares. Amid weak investor sentiment, the Q3 prints for the auto and mobility space “could be a buy-the-news quarter,” the analyst tells investors in a research note. The firm believes the UAW strike “has passed peak rhetoric” and an opportunity exists for a recovery trade in autos. Specifically, it sees several data points which may drive upside in the stocks amid cyclical recovery – especially for suppliers.