JP Morgan Maintains Overweight on Dana, Lowers Price Target to $16
Portfolio Pulse from Benzinga Newsdesk
JP Morgan analyst Ryan Brinkman maintains an Overweight rating on Dana (NYSE:DAN) but lowers the price target from $17 to $16.
October 21, 2024 | 12:33 pm
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JP Morgan's analyst Ryan Brinkman continues to rate Dana as Overweight, indicating a positive outlook, but has reduced the price target from $17 to $16, suggesting a slight decrease in expected valuation.
The Overweight rating suggests continued confidence in Dana's performance, but the lowered price target indicates a tempered expectation of its valuation. This mixed signal may result in a neutral short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100