Wells Fargo Downgrades Dana to Underweight, Lowers Price Target to $9
Portfolio Pulse from Benzinga Newsdesk
Wells Fargo analyst Colin Langan has downgraded Dana Inc. (NYSE:DAN) from Equal-Weight to Underweight and reduced the price target from $13 to $9.

September 20, 2024 | 1:08 pm
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Wells Fargo has downgraded Dana Inc. to Underweight and lowered its price target to $9, indicating a negative outlook on the stock.
The downgrade from Equal-Weight to Underweight by a major financial institution like Wells Fargo suggests a negative outlook on Dana's stock. The significant reduction in the price target from $13 to $9 further supports this bearish sentiment, likely leading to a short-term decline in the stock price.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100