JP Morgan Maintains Overweight on Dana, Lowers Price Target to $19
Portfolio Pulse from Benzinga Newsdesk
JP Morgan analyst Ryan Brinkman has maintained an Overweight rating on Dana Inc. (NYSE:DAN) but reduced the price target from $21 to $19.
January 25, 2024 | 11:31 am
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JP Morgan analyst Ryan Brinkman maintains an Overweight rating on Dana Inc. but lowers the price target from $21 to $19.
While the Overweight rating suggests confidence in Dana's fundamentals and potential outperformance, the reduction in price target could indicate a tempered expectation for the stock's growth or a response to market conditions. This mixed signal may lead to a neutral short-term impact as investors digest both the continued positive outlook and the lower price target.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100