Form SC 13G/A DANA INC Filed by: BlackRock, Inc.

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Dana Holding (DAN) PT Lowered to $14 at JPMorgan

November 11, 2024 6:12 AM EST

JPMorgan analyst Ryan Brinkman lowered the price target on Dana Holding (NYSE: DAN) to $14.00 (from $16.00) while maintaining a Overweight rating.

The analyst comments "We are catching up on Dana earnings by lowering our estimates and price target after the supplier earlier this earnings season reported 3Q results featuring higher than expected EBITDA despite lower than expected revenue, implying solid execution, but also spoke of softening end-market demand impacting both 4Q24 (prompting a reduction in full year revenue and EBITDA outlook) and continuing into 2025. Looking more closely at the quarter, revenue in 3Q tracked $2,476 mn,... More