Market Overview

UPDATE: Jefferies & Company Reiterates Buy Rating, Raises PT on Dana Holding Corporation

Share:
Related DAN
Earnings Scheduled For February 19, 2015
Is Tesla Headed Toward A Miss?

In a report published Wednesday, Jefferies & Company reiterated its Buy rating on Dana Holding Corporation (NYSE: DAN), and raised its price target from $16.00 to $19.00.

Jefferies & Company noted, “DAN guided 2013 revenue, EBITDA, and EPS modestly below consensus, with the shortfall seemingly on a weaker CE market in Europe and South America. Even still, DAN sees industry-leading margin expansion in 2013 on heightening price/productivity. The company is also shrinking the sharecount 10%-15% while CE and CV volumes are in a cyclical lull. That sets up accelerating EPS growth in 2014 and beyond as industry volumes rebound.”

Dana Holding Corporation closed on Tuesday at $15.87.

Latest Ratings for DAN

DateFirmActionFromTo
Feb 2015Deutsche BankMaintainsHold
Feb 2015JP MorganMaintainsNeutral
Jan 2015Deutsche BankMaintainsHold

View More Analyst Ratings for DAN
View the Latest Analyst Ratings

Posted-In: Jefferies & CompanyAnalyst Color Price Target Analyst Ratings

 

Related Articles (DAN)

Around the Web, We're Loving...

Get Benzinga's Newsletters

Our Experts vs. S&P 500Powered by Benzinga
Marketfy Products Return S&P 500
Morning Profit Maker 42.72% 6.69%
The Option Prophet 91.14% 6.69%
SecretCaps 26.55% 6.69%
Short-Term Trend Trading 11.89% 6.69%
View the highest rated products→