Dana price target raised to $17 from $16 at Wells Fargo

Wells Fargo raised the firm’s price target on Dana (DAN) to $17 from $16 and keeps an Equal Weight rating on the shares. The firm notes the company reported an in line Q4 and maintained 2025 guidance. Their 3-year backlog, unsurprisingly, was reduced by $300M in 2025 due to EV drag. No major update was given on the OH sale, but management still expects to get the deal done in Q2, Wells adds.