Exchange: NYSE·Updated 07:30 PM EDT
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DAN Dana Inc

$29.33
$0.18
(0.60%)
Today
Closed $29.99
$0.6552
(2.19%)
After Hours
EarningsOct 28
Mkt Cap$3.21B
Vol1.09M

About DAN

Dana, Inc. engages in the manufacture, distribution, and sale of technology drive and motion products, sealing solutions, thermal-management technologies, and fluid-power products. It operates through the following segments: Light Vehicle, Commercial Vehicle, Off-Highway, and Power Technologies. The Light Vehicle segment includes drivetrain systems and components for passenger cars, crossovers, sport utility vehicles, vans, and light trucks. The Commercial Vehicle segment consists of drivetrain and tire-pressure management systems, as well as genuine service parts for medium and heavy-duty commercial vehicles. The Off-Highway segment offers drivetrain systems and individual product solutions under the Spicer brand, and motion systems for associated machine working functions and stationary industrial equipment under the Brevini brand. The Power Technologies segment consists of sealing solutions and thermal management technologies for reducing fuel consumption and emissions. The company was founded by Clarence W. Spicer on April 1, 1904 and is headquartered in Maumee, OH.
50

Neutral Sentiment

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JPMorgan rates Dana Overweight with a $40 price target, citing relatively limited exposure to China and EU trade pressures, low insourcing risk and improved non-automotive exposure following its Eaton Mobility transaction. The divestiture of its Off-Highway business and planned Eaton Mobility combination are reshaping Dana into a broader powertrain supplier serving light vehicles, commercial vehicles and the aftermarket. About 43% of its exposure will come from segments outside light vehicles. JPMorgan sees potential earnings catalysts from cost synergies, greater commercial-vehicle and aftermarket diversification, and new Ford and Jeep programs, along with potential shareholder returns. The bank said Dana has the widest gap between fundamentals and valuation in its coverage universe. Dana recently reported second-quarter sales of $2 billion, above expectations. The company raised its full-year sales and free-cash-flow forecasts while lowering its adjusted EPS outlook. $DAN
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