Dana price target raised to $23 from $18 at Barclays

Barclays raised the firm’s price target on Dana (DAN) to $23 from $18 and keeps an Overweight rating on the shares. The company’s 2025 guidance came in sharply above consensus, driven by significant cost saves, the analyst tells investors in a research note. The firm says Dana’s preliminary 2025 guidance “provided the next leg of catalyst in the bull case.” Barclays notes the off-highway sale process is progressing with significant interest from potential buyers, and that Dana hopes to announce a transaction around the time of Q1 earnings.