Wells Fargo lowered the firm’s price target on Dana to $14 from $16 and keeps an Equal Weight rating on the shares. The firm notes shares were flat after a large Q3 margin beat. Updated guidance implies a weak Q4, reflecting seasonality and strike pain, Wells adds.
Protect Your Portfolio Against Market Uncertainty
- Discover companies with rock-solid fundamentals in TipRanks' Smart Value Newsletter.
- Receive undervalued stocks, resilient to market uncertainty, delivered straight to your inbox.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See the top stocks recommended by analysts >>
Read More on DAN:
- Dana sees FY23 adjusted EPS 80c with strike through October, consensus 81c
- Dana reports Q3 adjusted EPS 30c, consensus 13c
- Dana Incorporated Reports 2023 Third-quarter Financial Results, Achieves Robust Sales and Profit Growth, Maintains Full-year Sales and Profit Guidance
- RBC expects relief rally for auto names and suppliers with UAW resolution near
- Dana to Pay Dividend on Common Stock