Fly News Breaks for September 13, 2019
Sep 13, 2019 | 06:18 EDT
BofA/Merrill analyst Aileen Smith upgraded Dana Inc. to Buy from Neutral with a $22 price target. The shares now trade at a "near trough" 3.5 times enterprise value to EBITDA multiple on the analyst's below consensus 2020 estimates. At these levels, Smith sees an attractive risk/reward profile with her price target representing over 50% upside. She cites valuation for the upgrade to Buy.
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