Barclays raised the firm’s price target on Dana (DAN) to $25 from $20 and keeps an Overweight rating on the shares. The company’s off-Highway sale announcement is a a key positive amid recent questions, the analyst tells investors in a research note. The firm says the Dana bull story is now focused on cost-outs of the remaining company, where it sees upside.
Confident Investing Starts Here:
- Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions
- Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on DAN:
- Closing Bell Movers: Oracle jumps 7% after Q4 earnings beat
- Allison Transmission: Purchase of Dana off-highway unit to be accretive to EPS
- Dana to sell Off-Highway business to Allison Transmission for $2.7B
- Dana upgraded to Outperform from Sector Perform at RBC Capital
- Dana price target raised to $20 from $17 at Barclays
Looking for a trading platform? Check out TipRanks' Best Online Brokers guide, and find the ideal broker for your trades.
Report an Issue