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DAN

Dana

$14.63

-0.52 (-3.43%)

13:43
09/11/19
09/11
13:43
09/11/19
13:43

Automotive parts maker Dana falls after lowering revenue view for Q3

Shares of automotive parts maker Dana are trading lower on Wednesday after the company lowered its expectation for its quarterly revenue, earlier in a slides presentation prepared for the RBC Capital Markets Industrial Conference. The company noted earlier that weaker off-highway end market demand in July and August is likely leading to Q3 revenue being lower than previously expected by up to $100M. Dana added that the opportunity remains to largely offset the shortfall with sustained NA Class 8 production in Q4. Also, the company sees profit margins pressured by segment mix of lower off-highway and higher commercial vehicle likely to pressure profit margins. Shares of Dana are down almost 6% or 90c to $14.67 per share in afternoon trading.

  • 23

    Sep

DAN Dana
$14.63

-0.52 (-3.43%)

06/26/19
FBCO
06/26/19
INITIATION
Target $22
FBCO
Outperform
Dana initiated with an Outperform at Credit Suisse
Credit Suisse initiated Dana with an Outperform and $22 price target.
06/27/19
06/27/19
INITIATION
Target $22

Outperform
Credit Suisse bullish on Dana, initiates with an Outperform
As previously reported, Credit Suisse analyst Dan Levy initiated Dana with an Outperform and $22 price target. The analyst believes Dana has a solid strategy at an attractive price, with its strategy and narrative still underappreciated.
08/01/19
LEHM
08/01/19
NO CHANGE
Target $24
LEHM
Overweight
Dana selloff yesterday an overreaction, says Barclays
Barclays analyst Brian Johnson views the post-earnings selloff yesterday in shares of Dana Incorporated as overreaction. The analyst appreciates that investors worry about declines in Class 8 truck in 2020, but he points out North America Class 8 is less than 10% of Dana's revenues. Further, the company's margins may hold up better than feared as premium costs roll off, Johnson tells investors in a research note. He continues to view Dana as a "high-quality, differentiated value play" in autos and reiterates an Overweight rating on the name with a $24 price target.
09/03/19
FBCO
09/03/19
NO CHANGE
FBCO
Risk-on trade could benefit autos, says Credit Suisse
Credit Suisse analyst Dan Levy notes that with a tough August in the books, the challenged performance for auto stocks has been more a function of a challenged macro backdrop rather than any changes in auto industry fundamentals. In an environment where quality has been bid and deep cyclicals are out of favor, autos have not fared well, he contends. To the extent positive macro and a risk-on trade emerges, the analyst believes auto stocks could benefit - especially those which have been highly out of favor like American Axle (AXL), Dana (DAN), Delphi Technologies (DLPH). Yet beyond a potential near-term recovery, he believes auto stocks still must confront uncertainty around 2020.

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BAX

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$DJU

DJ Utility Average

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DJX

Dow Jones Industrial Average

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IYT

iShares Transportation Average

$190.85

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XLK

Technology Select Sector SPDR

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XLE

Energy Select Sector SPDR

$61.94

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XLY

Consumer Discretionary Sector SPDR

$122.53

-0.06 (-0.05%)

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VZ

Verizon

$59.91

0.05 (0.08%)

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XLB

S&P Select Materials SPDR

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XLU

Utilities SPDR

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XLP

Consumer Staples Sector SPDR

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GPN

Global Payments

$164.32

0.43 (0.26%)

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XLV

Health Care Select Sector SPDR

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IWM

iShares Trust Russell 2000 Index Fund

$156.51

-0.94 (-0.60%)

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DIA

Diamonds Fund ETF

$271.97

0.42 (0.15%)

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SPY

SPDR S&P 500 ETF Trust

$301.10

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GIS

General Mills

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