Dana Holdings (DAN) Tops Q3 EPS by 6c; Affirms Outlook
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FBR Capital Reiterates Outperform on Dana Holdings (DAN) Following 3Q
October 21, 2016 7:01 AM EDTFBR Capital reiterated an Outperform rating and $17.00 price target on Dana Holdings (NYSE: DAN) following the company's 3Q earnings report. Management noted on the 3Q16 call that it expects to remain on track with Ford Super Duty production in 4Q16. This was reassuring, given that Ford implemented a two-week halt of F-150 production at one plant in North America this week. Also, FBR estimates that Dana's proposed acquisition of SIFCO S.A. for $85 million, announced on October 12,... More
