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ubs upgrades dana stock amid off-highway business sale plans

UBS has upgraded Dana Holding's stock from Neutral to Buy, raising the price target from $11 to $18, driven by the anticipated $2.1 billion sale of its Off-Highway business and a $200 million cost-saving plan. Despite recent challenges, analysts forecast profitability and a potential increase in stock value, with Dana's market cap at $1.75 billion and a current trading price of $12.07. Other firms, including Deutsche Bank and Barclays, have also upgraded their price targets, reflecting confidence in Dana's strategic moves and financial outlook.
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09:34 16.01.2025
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