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Dana price target raised to $26 from $24 at RBC Capital

RBC Capital raised the firm’s price target on Dana (DAN) to $26 from $24 and keeps an Outperform rating on the shares. The firm is citing higher peer multiples while also raising its FY26 EBITDA outlook, noting that U.S. auto production forecasts are going higher thanks to strong U.S. retail sales. RBC adds that it sees further cost efficiencies beyond the $310M cost saves outlined on the Off-Highway deal, the analyst tells investors in a research note.

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