Dana price target raised to $30 from $24 at Wells Fargo

Wells Fargo raised the firm’s price target on Dana (DAN) to $30 from $24 and keeps an Equal Weight rating on the shares. The firm notes Dana gave preliminary 2025 results, 2026 guidance, and updated color on backlog. Preliminary FY25 results came in at the high end of original guidance on all metrics. Management voiced their confidence on New Dana continuously on the call, touting how they’ve been able to continuously set aggressive targets and surpass them, Wells adds.