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Jefferies Boosts Price Target on Dana Holding (DAN) to $20 Following Q4

February 22, 2013 11:02 AM EST Send to a Friend
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Price: $23.88 +1.70%

Rating Summary:
    7 Buy, 7 Hold, 0 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 12 | Down: 11 | New: 20
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Jefferies raised its price target and reiterated its Buy-rating Dana Holding (NYSE: DAN) from $19 to $20 following Q4 results.

The firm comments, "DAN shares closed down 1.0% (vs. the S&P 500 down 0.6%) after reporting continuing EPS of $0.38 vs. consensus of $0.35. The beat came from a lower tax rate that more than offset slightly softer operating results. We still think DAN has good optionality on an expected recovery in the CV market this year and is likely to step up the cash returned to shareholders."

The firm raised Q1 EPS from 0.41 to $0.44 and trimmed FY13 EPS from $1.93 to $1.91.

For an analyst ratings summary and ratings history on Dana Holding click here. For more ratings news on Dana Holding click here.

Shares of Dana Holding closed at $16.45 yesterday.




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