Wells Fargo lowered the firm’s price target on Dana (DAN) to $21 from $22 and keeps an Equal Weight rating on the shares ahead of quarterly results. Discussing the group, the firm says it expects mostly good results among suppliers. Profit-taking could ensue if guides don’t “crush” expectations. Wells is worried about D3 pricing/volume balance and high warranties in the quarter.
Claim 50% Off TipRanks Premium and Invest with Confidence
- Unlock hedge-fund level data and powerful investing tools designed to help you make smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis so your portfolio is always positioned for maximum potential
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on DAN:
- Dana Incorporated Extends CEO McDonald’s Tenure
- Barclays (BCS) ‘Positively Surprised’ at U.S. Auto Industry’s Resilience to Trump Tariffs
- Barclays raises U.S. autos and mobility sector outlook to Neutral
- Dana price target raised to $19 from $18 at Wells Fargo
- Dana price target raised to $26 from $24 at RBC Capital