Gabelli Initiates Dana Holding Coverage: Buy

Gabelli & Company initiated coverage on Dana Holding (NYSE: DAN) with a Buy rating in a research report published today.

In the report, Gabelli states, "With core driveline restructuring largely behind them, management is now focused on growing Dana's presence in high margin power technologies such as Hybrid (HEV) and Plug-In Hybrid (PHEV) battery cooling, where there is strong potential to outpace overall industry growth."

Shares of Dana Holding were trading at $12.86 at the time of posting, up 0.86% from Wednesday's market close.