Jefferies Reiterates a 'Buy' on Dana Holding (DAN); CV on Track; Off-Highway Likely Improved in Q1
Tweet
Share
E-mailGet Alerts DAN Hot Sheet
Price: $30.35 +0.07%
Rating Summary:
11 Buy, 10 Hold, 0 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
Rating Summary:
11 Buy, 10 Hold, 0 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
Join SI Premium – FREE
Jefferies reiterates a 'Buy' on Dana Holding (NYSE: DAN) price target raised from $21 to $23.
Jefferies analyst says, "DAN traded off 3.0% after an operationally in line report. CV margins remained strong, upsiding expectations (a key reason to own the stock). Off-Highway margins were light, although are expected to rebound as soon as 1Q:12. We're reiterating our rating and raising our price target."
"What to do with the stock from here? Our sense is that the CV cycle affords DAN strong top-line visibility and 3-4 quarters of margin runway. Combined with an EV/EBITDA multiple that is still solidly under 4x, we think there's more outperformance left in the shares as 2012 evolves."
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 $15.96 yesterday.
Jefferies analyst says, "DAN traded off 3.0% after an operationally in line report. CV margins remained strong, upsiding expectations (a key reason to own the stock). Off-Highway margins were light, although are expected to rebound as soon as 1Q:12. We're reiterating our rating and raising our price target."
"What to do with the stock from here? Our sense is that the CV cycle affords DAN strong top-line visibility and 3-4 quarters of margin runway. Combined with an EV/EBITDA multiple that is still solidly under 4x, we think there's more outperformance left in the shares as 2012 evolves."
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 $15.96 yesterday.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Fiserv (FISV) PT Lowered to $60 at Freedom Broker
- Zedcor Inc (ZDC:CN) PT Raised to Cdn$7.75 at Desjardins
- Va Tech Wabag Ltd. (VATW:IN) PT Raised to INR2,410 at ICICI Securities
Create E-mail Alert Related Categories
Analyst Comments, Analyst EPS Change, Analyst EPS View, Analyst PT ChangeRelated Entities
Jefferies & CoSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
