RBC Capital Maintains Sector Perform Rating for Dana: Here's What You Need To Know
Portfolio Pulse from Benzinga Insights
RBC Capital has maintained its Sector Perform rating for Dana Inc (NYSE:DAN) but lowered its price target from $19.00 to $15.00. Despite this adjustment, Dana's shares remain unchanged over the last 24 hours, trading at $12.51. A move to the new target price would represent a 19.9% increase. Dana Inc specializes in designing and manufacturing propulsion and energy-management solutions for various mobility markets, with its highest revenue coming from the Light Vehicle Drive Systems segment.
March 08, 2024 | 5:00 pm
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RBC Capital maintains Sector Perform rating for Dana Inc but lowers price target from $19.00 to $15.00, with shares currently at $12.51.
The maintenance of the Sector Perform rating by RBC Capital suggests a neutral outlook on Dana Inc's stock, while the reduction in the price target might initially seem negative. However, considering the current trading price of $12.51, the new target of $15.00 implies a significant upside potential of 19.9%. This could lead to positive investor sentiment in the short term, as the market adjusts to the new price target.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 100