Dana price target lowered to $18 from $19 at JPMorgan

JPMorgan analyst Ryan Brinkman lowered the firm’s price target on Dana to $18 from $19 and keeps an Overweight rating on the shares. The company reported slightly softer Q4 earnings last week, featuring slightly higher margin on modestly lower sales, resulting in slightly less EBITDA but guided 2024 more or less in line, the analyst tells investors in a research note.