RBC Capital Maintains Sector Perform on Dana, Lowers Price Target to $15
Portfolio Pulse from Benzinga Newsdesk
RBC Capital analyst Tom Narayan maintains a Sector Perform rating on Dana Inc. (NYSE:DAN) and lowers the price target from $19 to $15.

March 08, 2024 | 4:04 pm
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RBC Capital analyst Tom Narayan maintains a Sector Perform rating on Dana Inc. and lowers the price target from $19 to $15.
The reduction in the price target from $19 to $15 by a reputable analyst could lead to a negative perception among investors, potentially causing a short-term decrease in Dana Inc.'s stock price. The maintenance of a Sector Perform rating indicates that the analyst does not see significant upside or downside from the current level, but the lowered price target suggests a recalibration of expectations towards a more cautious outlook.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100