Dana price target raised to $16 from $13 at RBC Capital

RBC Capital raised the firm’s price target on Dana (DAN) to $16 from $13 and keeps a Sector Perform rating on the shares. The stock has already risen 82% after the company’s initial November Off-Highway sale announcement, and the reaction clearly shows that investors prefer companies that can unlock trapped shareholder value through divestitures, the analyst tells investors in a research note.