Assessing Dana: Insights From 5 Financial Analysts
Portfolio Pulse from Benzinga Insights
Recent analyst ratings for Dana Inc (NYSE:DAN) show a mix of bullish and bearish perspectives, with a shift towards a more cautious outlook over the last three months. The average 12-month price target has been adjusted to $15.8, down from $17.00, reflecting a 7.06% decline. Analysts from firms including Oppenheimer, RBC Capital, Barclays, JP Morgan, and Wells Fargo have updated their ratings and price targets, indicating varying expectations for Dana's financial performance. The company's market position is challenged by a lower market capitalization, revenue decline, and below-average profitability metrics.
May 01, 2024 | 1:00 pm
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Dana Inc's stock may face short-term pressure due to mixed analyst ratings, a downward revision in price targets, and concerns over financial performance indicators such as revenue decline and profitability metrics.
The mixed analyst ratings, with some lowering their price targets, reflect concerns over Dana's financial health and market position. The average price target reduction and the detailed financial performance analysis indicate potential challenges ahead for Dana, likely influencing investor sentiment and stock performance negatively in the short term.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100