Dana upgraded to Buy from Hold at Deutsche Bank

Deutsche Bank upgraded Dana (DAN) to Buy from Hold with a price target of $19, up from $9. The firm says automotive stocks are having a hard time globally and that the industry is likely to head into another year of volatility and headwinds across regions in 2025. Deutsche expects “more noise” of potential policy implications in the U.S., further restructuring announcements in Europe, “muted” demand excluding China and pricing to soften. However, the firm believes investors can generate sizeable positive returns on automotive and upgraded Dana as part of its 2025 outlook.