Dana (NYSE:DAN) Stock, Quote.Headers.trade-ideas

Dana

Dana Inc is engaged in the designing and manufacturing of efficient propulsion and energy-management solutions that power vehicles and machines in all mobility markets across the globe. The company has four operating segments: Light Vehicles, Power Technologies, Commercial Vehicle, and Off-Highway. The Light Vehicles segment generates the majority portion of revenue by providing products to support light vehicle OEMs. Its products are designed for light trucks, SUVs, CUVs, vans, and passenger cars.

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Dana (NYSE: DAN) appears an attractive pick, as it has been recently upgraded to a Zacks Rank #2 (Buy). This upgrade is essentially a reflection of an upward trend in earnings estimates -- one of the most powerful forces impacting stock prices.

Dana Upgraded to Buy: What Does It Mean for the Stock?

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Dana reported Q1 sales beat, affirming FY24 guidance amid efficiency gains. Company-wide efficiency improvements continue to offset the margin impact of inflation and spending on development for electric-vehicle products, Dana said.

What&#39;s Going On With Dana Shares After Reporting Q1 Results?

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<p>Currently available at Dana facilities across Europe, the Dana Certified Reman&trade;&nbsp;program will extend to an additional 50 locations in&nbsp;North America, Europe, the&nbsp;Middle East,&nbsp;Africa, and&nbsp;China&nbsp;by the end of 2025.</p>


Dana Says It Launched Dana Certified Reman Program Boosting Sustainability And Extending Life Cycles Of Drive Technologies For Off-highway

<p><strong>Dana</strong> (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/dan#NYSE">DAN</a>) appears an attractive pick, as it has been recently upgraded to a Zacks Rank #2 (Buy). This upgrade is essentially a reflection of an upward trend in earnings estimates -- one of the most powerful forces impacting stock prices.</p>
<p>The Zacks rating relies solely on a company&#39;s changing earnings picture. It tracks EPS estimates for the current and following years from the sell-side analysts covering the stock through a consensus measure -- the Zacks Consensus Estimate.</p>
<p>The power of a changing earnings picture in determining near-term stock price movements makes the Zacks rating system highly useful for individual investors, since it can be difficult to make decisions based on rating upgrades by Wall Street analysts. These are mostly driven by subjective factors that are hard to see and measure in real time.</p>
<p>As such, the Zacks rating upgrade for Dana is essentially a positive comment on its earnings outlook that could have a favorable impact on its stock price.</p>
<h2>Most Powerful Force Impacting Stock Prices</h2>
<p>The change in a company&#39;s future earnings potential, as reflected in earnings estimate revisions, has proven to be strongly correlated with the near-term price movement of its stock. That&#39;s partly because of the influence of institutional investors that use earnings and earnings estimates for calculating the fair value of a company&#39;s shares. An increase or decrease in earnings estimates in their valuation models simply results in higher or lower fair value for a stock, and institutional investors typically buy or sell it. Their bulk investment action then leads to price movement for the stock.</p>
<p>Fundamentally speaking, rising earnings estimates and the consequent rating upgrade for Dana imply an improvement in the company&#39;s underlying business. Investors should show their appreciation for this improving business trend by pushing the stock higher.</p>
<h2>Harnessing the Power of Earnings Estimate Revisions</h2>
<p>Empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock movements, so it could be truly rewarding if such revisions are tracked for making an investment decision. Here is where the tried-and-tested Zacks Rank stock-rating system plays an important role, as it effectively harnesses the power of earnings estimate revisions.</p>
<p>The Zacks Rank stock-rating system, which uses four factors related to earnings estimates to classify stocks into five groups, ranging from Zacks Rank #1 (Strong Buy) to Zacks Rank #5 (Strong Sell), has an impressive externally-audited track record, with Zacks Rank #1 stocks generating an average annual return of +25% since 1988.</p>
<h2>Earnings Estimate Revisions for Dana</h2>
<p>For the fiscal year ending December 2024, this automotive equipment supplier is expected to earn $0.98 per share, which is a change of 16.7% from the year-ago reported number.</p>
<p>Analysts have been steadily raising their estimates for Dana. Over the past three months, the Zacks Consensus Estimate for the company has increased 34.2%.</p>
<h2>Bottom Line</h2>
<p>Unlike the overly optimistic Wall Street analysts whose rating systems tend to be weighted toward favorable recommendations, the Zacks rating system maintains an equal proportion of &#39;buy&#39; and &#39;sell&#39; ratings for its entire universe of more than 4000 stocks at any point in time. Irrespective of market conditions, only the top 5% of the Zacks-covered stocks get a &#39;Strong Buy&#39; rating and the next 15% get a &#39;Buy&#39; rating. So, the placement of a stock in the top 20% of the Zacks-covered stocks indicates its superior earnings estimate revision feature, making it a solid candidate for producing market-beating returns in the near term.</p>
<p>The upgrade of Dana to a Zacks Rank #2 positions it in the top 20% of the Zacks-covered stocks in terms of estimate revisions, implying that the stock might move higher in the near term.</p>
<p><a href="https://www.zacks.com/stock/news/2340057/dana-dan-upgraded-to-buy-what-does-it-mean-for-the-stock?cid=CS-BENZ-FT-tale_of_the_tape|yseop_template_12_zacks_rank_upgrade-2340057">To read this article on Zacks.com click here.</a></p>


<p>Wells Fargo  analyst Colin Langan   downgrades Dana (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DAN#NYSE">DAN</a>) from Equal-Weight to Underweight and lowers the price target from $13 to $9.</p>


Downgrades

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Wells Fargo Downgrades Dana to Underweight, Lowers Price Target to $9

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Shares of auto-related stocks are trading higher following the Fed's policy decision to cut rates by 50 basis points, which could stimulate spending and enhance credit affordability.

<p>Deutsche Bank  analyst Edison Yu   reinstates Dana (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DAN#NYSE">DAN</a>) with a Hold and announces $12 price target.</p>


Initiation

Deutsche Bank Reinstates Hold on Dana, Announces $12 Price Target

<p>Analysts' ratings for Dana (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DAN#NYSE">DAN</a>) over the last quarter vary from bullish to bearish, as provided by 5 analysts.</p>
<p>The table below provides a snapshot of their recent ratings, showcasing how sentiments have evolved over the past 30 days and comparing them to the preceding months.</p>
<table>
<thead>
<tr>
<th></th>
<th style="text-align: right;"><strong>Bullish</strong></th>
<th style="text-align: right;"><strong>Somewhat Bullish</strong></th>
<th style="text-align: right;"><strong>Indifferent</strong></th>
<th style="text-align: right;"><strong>Somewhat Bearish</strong></th>
<th style="text-align: right;"><strong>Bearish</strong></th>
</tr>
</thead>
<tbody>
<tr>
<td><strong>Total Ratings</strong></td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">4</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td><strong>Last 30D</strong></td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td><strong>1M Ago</strong></td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td><strong>2M Ago</strong></td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">3</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td><strong>3M Ago</strong></td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
</tbody>
</table>
<p>Insights from analysts' 12-month price targets are revealed, presenting an average target of $14.0, a high estimate of $17.00, and a low estimate of $12.00. This current average has decreased by 2.78% from the previous average price target of $14.40. </p>
<p><img src="https://www.benzinga.com/files/images/story/2024/1725566488_0.png" alt="price target chart" /></p>
<h2>Diving into Analyst Ratings: An In-Depth Exploration</h2>
<p>A clear picture of Dana's perception among financial experts is painted with a thorough analysis of recent analyst actions. The summary below outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.</p>
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>Dan Levy</td>
<td>Barclays</td>
<td>Raises</td>
<td>Equal-Weight</td>
<td>$16.00</td>
<td>$15.00</td>
</tr>
<tr>
<td>Colin Langan</td>
<td>Wells Fargo</td>
<td>Raises</td>
<td>Equal-Weight</td>
<td>$13.00</td>
<td>$12.00</td>
</tr>
<tr>
<td>Ryan Brinkman</td>
<td>JP Morgan</td>
<td>Lowers</td>
<td>Overweight</td>
<td>$17.00</td>
<td>$18.00</td>
</tr>
<tr>
<td>Colin Langan</td>
<td>UBS</td>
<td>Lowers</td>
<td>Neutral</td>
<td>$12.00</td>
<td>$14.00</td>
</tr>
<tr>
<td>Colin Langan</td>
<td>Wells Fargo</td>
<td>Lowers</td>
<td>Equal-Weight</td>
<td>$12.00</td>
<td>$13.00</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li><strong>Action Taken:</strong> Responding to changing market dynamics and company performance, analysts update their recommendations. Whether they 'Maintain', 'Raise', or 'Lower' their stance, it signifies their response to recent developments related to Dana. This offers insight into analysts' perspectives on the current state of the company.</li>
<li><strong>Rating:</strong> Providing a comprehensive analysis, analysts offer qualitative assessments, ranging from 'Outperform' to 'Underperform'. These ratings reflect expectations for the relative performance of Dana compared to the broader market.</li>
<li><strong>Price Targets:</strong> Analysts explore the dynamics of price targets, providing estimates for the future value of Dana's stock. This examination reveals shifts in analysts' expectations over time.</li>
</ul>
<p>To gain a panoramic view of Dana's market performance, explore these analyst evaluations alongside essential financial indicators. Stay informed and make judicious decisions using our Ratings Table.</p>
<p><a href="https://www.benzinga.com/quote/DAN/analyst-ratings?utm_source=Benzinga Insights"><strong>Stay up to date on Dana analyst ratings.</strong></a></p>
<p>If you are interested in following small-cap stock news and performance <a href="https://www.benzinga.com/news/small-cap">you can start by tracking it here</a>.</p>
<h2>About Dana</h2>
<p>Dana Inc is engaged in the designing and manufacturing of efficient propulsion and energy-management solutions that power vehicles and machines in all mobility markets across the globe. The company has four operating segments: Light Vehicles, Power Technologies, Commercial Vehicle, and Off-Highway. The Light Vehicles segment generates the majority portion of revenue by providing products to support light vehicle OEMs. Its products are designed for light trucks, SUVs, CUVs, vans, and passenger cars.</p>
<h3>Breaking Down Dana's Financial Performance</h3>
<p><strong>Market Capitalization Analysis:</strong> Positioned below industry benchmarks, the company's market capitalization faces constraints in size. This could be influenced by factors such as growth expectations or operational capacity.</p>
<p><strong>Revenue Challenges:</strong> Dana's revenue growth over 3 months faced difficulties. As of 30 June, 2024, the company experienced a decline of approximately <strong>-0.36%</strong>. This indicates a decrease in top-line earnings. As compared to its peers, the revenue growth lags behind its industry peers. The company achieved a growth rate lower than the average among peers in Consumer Discretionary sector.</p>
<p><strong>Net Margin:</strong> Dana's net margin is below industry standards, pointing towards difficulties in achieving strong profitability. With a net margin of <strong>0.58%,</strong> the company may encounter challenges in effective cost control.</p>
<p><strong>Return on Equity (ROE):</strong> Dana's ROE is below industry standards, pointing towards difficulties in efficiently utilizing equity capital. With an ROE of <strong>1.06%,</strong> the company may encounter challenges in delivering satisfactory returns for shareholders.</p>
<p><strong>Return on Assets (ROA):</strong> Dana's ROA is below industry standards, pointing towards difficulties in efficiently utilizing assets. With an ROA of <strong>0.2%,</strong> the company may encounter challenges in delivering satisfactory returns from its assets.</p>
<p><strong>Debt Management:</strong> Dana's debt-to-equity ratio stands notably higher than the industry average, reaching <strong>1.98</strong>. This indicates a heavier reliance on borrowed funds, raising concerns about financial leverage.</p>
<h2>What Are Analyst Ratings?</h2>
<p>Analyst ratings serve as essential indicators of stock performance, provided by experts in banking and financial systems. These specialists diligently analyze company financial statements, participate in conference calls, and engage with insiders to generate quarterly ratings for individual stocks.</p>
<p>In addition to their assessments, some analysts extend their insights by offering predictions for key metrics such as earnings, revenue, and growth estimates. This supplementary information provides further guidance for traders. It is crucial to recognize that, despite their specialization, analysts are human and can only provide forecasts based on their beliefs.</p>
<p>This article was generated by Benzinga's automated content engine and reviewed by an editor.</p>


A Closer Look at 5 Analyst Recommendations For Dana

<p>Wolfe Research  analyst Emmanuel Rosner   assumes Dana (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DAN#NYSE">DAN</a>) with a Peer Perform rating.</p>


Wolfe Research Assumes Dana at Peer Perform

Shares of auto-related companies are trading lower amid overall market weakness following weak US data.

<p>Barclays  analyst Dan Levy   maintains Dana (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DAN#NYSE">DAN</a>) with a Equal-Weight and raises the price target from $15 to $16.</p>


Barclays Maintains Equal-Weight on Dana, Raises Price Target to $16

<p>Analysts' ratings for Dana (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DAN#NYSE">DAN</a>) over the last quarter vary from bullish to bearish, as provided by 4 analysts.</p>
<p>The table below summarizes their recent ratings, showcasing the evolving sentiments within the past 30 days and comparing them to the preceding months.</p>
<table>
<thead>
<tr>
<th></th>
<th style="text-align: right;"><strong>Bullish</strong></th>
<th style="text-align: right;"><strong>Somewhat Bullish</strong></th>
<th style="text-align: right;"><strong>Indifferent</strong></th>
<th style="text-align: right;"><strong>Somewhat Bearish</strong></th>
<th style="text-align: right;"><strong>Bearish</strong></th>
</tr>
</thead>
<tbody>
<tr>
<td><strong>Total Ratings</strong></td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">3</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td><strong>Last 30D</strong></td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td><strong>1M Ago</strong></td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td><strong>2M Ago</strong></td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td><strong>3M Ago</strong></td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
</tbody>
</table>
<p>Providing deeper insights, analysts have established 12-month price targets, indicating an average target of $13.5, along with a high estimate of $17.00 and a low estimate of $12.00. Experiencing a 5.26% decline, the current average is now lower than the previous average price target of $14.25. </p>
<p><img src="https://www.benzinga.com/files/images/story/2024/1722539389_0.png" alt="price target chart" /></p>
<h2>Exploring Analyst Ratings: An In-Depth Overview</h2>
<p>A clear picture of Dana's perception among financial experts is painted with a thorough analysis of recent analyst actions. The summary below outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.</p>
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>Colin Langan</td>
<td>Wells Fargo</td>
<td>Raises</td>
<td>Equal-Weight</td>
<td>$13.00</td>
<td>$12.00</td>
</tr>
<tr>
<td>Ryan Brinkman</td>
<td>JP Morgan</td>
<td>Lowers</td>
<td>Overweight</td>
<td>$17.00</td>
<td>$18.00</td>
</tr>
<tr>
<td>Colin Langan</td>
<td>UBS</td>
<td>Lowers</td>
<td>Neutral</td>
<td>$12.00</td>
<td>$14.00</td>
</tr>
<tr>
<td>Colin Langan</td>
<td>Wells Fargo</td>
<td>Lowers</td>
<td>Equal-Weight</td>
<td>$12.00</td>
<td>$13.00</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li><strong>Action Taken:</strong> Analysts adapt their recommendations to changing market conditions and company performance. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their response to recent developments related to Dana. This information provides a snapshot of how analysts perceive the current state of the company.</li>
<li><strong>Rating:</strong> Unveiling insights, analysts deliver qualitative insights into stock performance, from 'Outperform' to 'Underperform'. These ratings convey expectations for the relative performance of Dana compared to the broader market.</li>
<li><strong>Price Targets:</strong> Gaining insights, analysts provide estimates for the future value of Dana's stock. This comparison reveals trends in analysts' expectations over time.</li>
</ul>
<p>Assessing these analyst evaluations alongside crucial financial indicators can provide a comprehensive overview of Dana's market position. Stay informed and make well-judged decisions with the assistance of our Ratings Table.</p>
<p><a href="https://www.benzinga.com/quote/DAN/analyst-ratings?utm_source=Benzinga Insights"><strong>Stay up to date on Dana analyst ratings.</strong></a></p>
<p>If you are interested in following small-cap stock news and performance <a href="https://www.benzinga.com/news/small-cap">you can start by tracking it here</a>.</p>
<h2>Delving into Dana's Background</h2>
<p>Dana Inc is engaged in the designing and manufacturing of efficient propulsion and energy-management solutions that power vehicles and machines in all mobility markets across the globe. The company has four operating segments: Light Vehicles, Power Technologies, Commercial Vehicle, and Off-Highway. The Light Vehicles segment generates the majority portion of revenue by providing products to support light vehicle OEMs. Its products are designed for light trucks, SUVs, CUVs, vans, and passenger cars.</p>
<h3>Dana's Financial Performance</h3>
<p><strong>Market Capitalization Analysis:</strong> The company's market capitalization is below the industry average, suggesting that it is relatively smaller compared to peers. This could be due to various factors, including perceived growth potential or operational scale.</p>
<p><strong>Revenue Growth:</strong> Dana's remarkable performance in 3 months is evident. As of 31 March, 2024, the company achieved an impressive revenue growth rate of <strong>3.44%</strong>. This signifies a substantial increase in the company's top-line earnings. As compared to competitors, the company surpassed expectations with a growth rate higher than the average among peers in the Consumer Discretionary sector.</p>
<p><strong>Net Margin:</strong> Dana's net margin lags behind industry averages, suggesting challenges in maintaining strong profitability. With a net margin of <strong>0.11%,</strong> the company may face hurdles in effective cost management.</p>
<p><strong>Return on Equity (ROE):</strong> Dana's ROE is below industry averages, indicating potential challenges in efficiently utilizing equity capital. With an ROE of <strong>0.19%,</strong> the company may face hurdles in achieving optimal financial returns.</p>
<p><strong>Return on Assets (ROA):</strong> The company's ROA is below industry benchmarks, signaling potential difficulties in efficiently utilizing assets. With an ROA of <strong>0.04%,</strong> the company may need to address challenges in generating satisfactory returns from its assets.</p>
<p><strong>Debt Management:</strong> The company faces challenges in debt management with a debt-to-equity ratio higher than the industry average. With a ratio of <strong>1.91</strong>, caution is advised due to increased financial risk.</p>
<h2>Analyst Ratings: Simplified</h2>
<p>Benzinga tracks 150 analyst firms and reports on their stock expectations. Analysts typically arrive at their conclusions by predicting how much money a company will make in the future, usually the upcoming five years, and how risky or predictable that company's revenue streams are.</p>
<p>Analysts attend company conference calls and meetings, research company financial statements, and communicate with insiders to publish their ratings on stocks. Analysts typically rate each stock once per quarter or whenever the company has a major update.</p>
<p>Analysts may enhance their evaluations by incorporating forecasts for metrics like growth estimates, earnings, and revenue, delivering additional guidance to investors. It is vital to acknowledge that, although experts in stocks and sectors, analysts are human and express their opinions when providing insights.</p>
<p>This article was generated by Benzinga's automated content engine and reviewed by an editor.</p>


Breaking Down Dana: 4 Analysts Share Their Views

<p>Wells Fargo  analyst Colin Langan   maintains Dana (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DAN#NYSE">DAN</a>) with a Equal-Weight and raises the price target from $12 to $13.</p>


Wells Fargo Maintains Equal-Weight on Dana, Raises Price Target to $13

Dana shares are trading higher after the company reported better-than-expected Q2 adjusted EPS results.

Dana Sees FY24 Revenue Of $10.45B - $10.95b Vs. $10.83B Est; Adj EPS Of $0.80 - $1.30 vs. $1 Est.

<p>Dana (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DAN#NYSE">DAN</a>) reported quarterly earnings of $0.31 per share which beat the analyst consensus estimate of $0.28 by 6.9 percent. This is a 16.22 percent decrease over earnings of $0.37 per share from the same period last year. The company reported quarterly sales of $2.74 billion which missed the analyst consensus estimate of $2.78 billion by 1.51 percent. This is a 0.36 percent decrease over sales of $2.75 billion the same period last year.</p>


Earnings Beats

Earnings Misses

Dana Q2 Adj $0.31 Beats $0.29 Estimate, Sales $2.74B Miss $2.78B Estimate

<p>JP Morgan  analyst Ryan Brinkman   maintains Dana (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DAN#NYSE">DAN</a>) with a Overweight and lowers the price target from $18 to $17.</p>


JP Morgan Maintains Overweight on Dana, Lowers Price Target to $17

<p>UBS  analyst Colin Langan   maintains Dana (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DAN#NYSE">DAN</a>) with a Neutral and lowers the price target from $14 to $12.</p>


UBS Maintains Neutral on Dana, Lowers Price Target to $12

<p>Wells Fargo  analyst Colin Langan   maintains Dana (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DAN#NYSE">DAN</a>) with a Equal-Weight and lowers the price target from $13 to $12.</p>


Wells Fargo Maintains Equal-Weight on Dana, Lowers Price Target to $12

<div>LAS VEGAS — The Advanced Clean Truck Expo is a come-all event. Until this year, Tesla has passed on attending.</div>

<p>The ACT Expo has outgrown the art deco charm of Long Beach and the "Disney-fied" atmosphere of Anaheim, California. This year, it moved to convention mecca with exhibitors filling the North Hall of the sprawling Las Vegas Convention Center. It returns to Anaheim in 2025, occupying both halls of the convention center in 2025.</p>

<p>Dozens of battery electric, fuel-cell electric and alternative fuel vehicles attracted long lines for short rides. For the first time, the pacesetter in electric vehicle technology — <strong>Tesla</strong> (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/tsla#NASDAQ">TSLA</a>) — was among them.</p>

<p><img alt="" src="https://www.freightwaves.com/wp-content/uploads/2024/05/24/052424-TT119-Tesla-Semi-in-LV-1200x743.jpg" /></p>

<p>The Tesla Semi was available for short rides at the Advanced Clean Transportation Expo in Las Vegas. (Photo - Alan Adler/FreightWaves)</p>

<p>Perhaps because Tesla has some early points on the board with its Semi electric truck, Elon Musk dispatched his top Semi executive with a message for legacy truck makers: "Get with it."<br /><script type="text/javascript">
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<h2 id="h-semi-s-top-executive-comes-to-town"><strong>Semi's top executive comes to town</strong></h2>

<p>Dan Priestley is not exactly a household name. But given that he works for a company whose CEO is the focal — and only — regular point of communications, that's not a surprise. Public relations is not an afterthought at Tesla. It doesn't really exist.</p>

<p>So, having Priestley participate in a fireside chat at the ACT Expo highlighted four days that also featured a first-ever gathering of five legacy trucking leaders on the same stage with a moderator asking tough questions that allowed little self-promotion to seep through.</p>

<p>But back to Priestley. His best line about the Semi, now in early production with fewer than 100 trucks in customer use, smacked of the kind of self-deprecating humor that wins over an audience.</p>

<p>"Tesla has a specialty. And that is turning the impossible into merely late" Priestley said. The reference, of course, was to the September 2017 reveal of the Semi being followed by multiple delays that pushed its arrival five years beyond its original 2019 planned production date.</p>

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<h2 id="h-semi-is-the-only-purpose-built-electric-truck"><strong>Semi is the only purpose-built electric truck</strong></h2>

<p>Only Tesla is manufacturing a purpose-built electric truck. As such, it is lighter and capable of handling a much higher electric charge than entries from Daimler Truck, Volvo Group North America, Paccar, Navistar and a host of startups. All started by replacing a diesel-power internal-combustion engine with an electric powertrain, carrying over designs never intended for powering by batteries.</p>

<p>Today's first- and second-generation Class 8 zero tailpipe-emissions electric trucks top out at a single-charge driving range of 200 to 300 miles, often less. They work for regional and short-haul routes but are impractical for over-the-road driving because they need hours to recharge. </p>

<p>The Tesla Semi is different. Its first customer, PepsiCo, ran more than 1,000 miles with one of its three Tesla Semis in a 24-hour period during the North American Council for Freight Efficiency Run on Less Electric Depot demonstration last year. </p>

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<p>The first Semi production model probably weighs in at 26,000 to 27,000 pounds. Tesla aspires to empty-vehicle weights for the standard 300-mile-range model of 20,000 pounds and 23,000 pounds for the 500-mile-range model. Those depend on energy density improvements in its homemade-battery cells. Today's Nikola Tre BEV, for example, weighs about 29,000 pounds. </p>

<p>Every pound of the 82,000-pound gross tractor-trailer BEV weight used for batteries is 1 less pound for freight.</p>

<h2 id="h-tesla-s-message-to-the-truck-industry"><strong>Tesla's message to the truck industry</strong></h2>

<p>Priestley told the industry what it knows but probably didn't want to hear. </p>

<p>"I encourage everybody to challenge the historic model. If you're an OEM, develop a fully purposed EV" he said.</p>

<p><img alt="" src="https://www.freightwaves.com/wp-content/uploads/2024/05/24/052424-TT119-Teslas-Dan-Priestley-1200x903.jpg" /></p>

<p>Dan Priestley, head of Tesla Semi, talked to a full house at the Advanced Clean Transportation Expo and participated in a fireside chat. It was Tesla's first appearance at the event. (Photo: Alan Adler/FreightWaves)</p>

<p>Though it flies in the face of total cost-of-ownership calculations, fleets must abandon the deliberate approach of testing a single electric truck or two for a year followed by evaluating a few more trucks for another year.</p>

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<p>"You're going to be half a decade behind" he said. "Look at how you can get to electric [trucks] at scale quickly. Going in with both feet is really the key to unlocking [the value]."</p>

<h2 id="h-scaling-the-semi-in-2026"><strong>Scaling the Semi in 2026</strong></h2>

<p>Tesla takes some hits for its slow ramp-up, but that will change in 2026 if it follows through on plans to make 50,000 Semis a year at a plant under construction in Nevada. Pepsi is getting 50 more Semi trucks in coming months. A few more are trickling out as demos to other customers. Freight miles traveled to date exceed 3.5 million.</p>

<p>Priestley said that lessons from Tesla light-duty vehicle production carried over to the Semi.</p>

<p>"Sometimes it's literal [computer] code. We can work on the same code based on the software side" he said. "Sometimes it's the same part."</p>

<p>Tesla's SuperCharger network using the North American Charging Standard has been adopted by almost all automakers using an adapter. Priestley urged truckmakers to abandon the Combined Charging Standard, known as CCS1.</p>

<p>"Please stop putting CCS1 into the ground. Please stop" he said. "Everything has to plug into everything. That's the only way this works."</p>

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<hr />

<p> </p>

<h2 id="h-trucking-leaders-push-for-infrastructure-help"><strong>Trucking leaders push for infrastructure help</strong></h2>

<p>The slowdown in electric-truck adoption has several reasons: Higher upfront costs is one. A soft freight market and fewer fleet profits to invest is another. But the biggest obstacle is availability of electric charging.</p>

<p>And that is where leaders from Daimler Truck North America, Volvo Truck North America, Peterbilt, Navistar Inc. and Mack Trucks focused much of their comments during a rare gathering of the group on a single stage. </p>

<p><img alt="" src="https://www.freightwaves.com/wp-content/uploads/2024/05/24/052424-TT119-CEO-panel-1200x739.jpg" /></p>

<p>Daimler Truck North America CEO John O'Leary, Navistar CEO Mathias Carlbaum, Peterbilt General Manager Jason Skoog, Volvo Truck North America President Peter Voorhoeve and Mack Trucks North American President Jonathan Randall (not pictured) appeared on the same stage at the Advanced Clean Transportation Expo. (Photo: Alan Adler/FreightWaves)</p>

<p>Daimler, Volvo and Navistar leaders held a smaller such gathering in January to launch a new industry group called Powering America's Commercial Transportation. Its goal is educating and lobbying for more support for truck charging –— more money and revamped utility rules and regulations. So far, it has about two dozen members.</p>

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<h2 id="h-a-bigger-mission">‘A bigger mission'</h2>

<p>"This is a bigger mission" said Jonathan Randall, Mack North America president. "We've got to put aside some of the rivalries."</p>

<p>Randall punctuated the slowdown when he said that Mack's truck-as-a-service offering called ElectriFi launched last year has yet to sign a customer for its medium-duty Class 6-7 MD Electric and Class 8 LR Electric refuse hauler. Both trucks are selling in modest numbers.</p>

<p>"We were pretty excited" Randall said of introducing the LR Electric in 2019. "The customers weren't. Four years in, and it hasn't changed."</p>

<p>Even Jason Skoog, Peterbilt general manager whose parent Paccar Inc. offers a range of electric models but is not actively pursuing infrastructure as some rivals are, beat the drum for infrastructure.</p>

<p>Skoog and John O'Leary, CEO of DTNA, both said that diesel models will dominate trucking for years, if not decades.</p>

<p>"The diesel business is paying for all this" O'Leary said, mentioning that one large customer has put 575 of 600 electric truck orders on hold. He did not name the customer. DTNA signed a letter of intent for up to 800 eCascadias from food distributor Sysco Corp. in 2022.</p>

<div><iframe height="281" src="https://www.youtube.com/embed/-FA3LETK3ik?feature=oembed" width="500"></iframe></div>

<p>Nils Jaeger, president of Volvo Autonomous Solutions, presented the truck maker's first fully autonomous truck at the Advanced Clean Transportation Expo in Las Vegas. Based on the new Class 8 VNL flagship, it will begin operating with safety drivers as it hauls freight using the Aurora Driver from Aurora Innovation.</p>

<hr />

<h2 id="h-a-vegas-pick-em">A Vegas Pick'em</h2>

<ul><li>The 2024 ACT Expo was newsier than many of its predecessors. Check out this absolutely incomplete list of happenings:</li>
	<li>The <strong>Hyundai Xcient </strong>fuel-cell electric truck will be the first to offer Level 4 high autonomy, testing the SuperDrive system from <strong>Plus</strong>. After focusing on Level 2 partial autonomy, Plus is beginning to assert itself in Level 4, recently cutting a deal with <strong>Navistar</strong>, which broke off a 2½-year partnership with <strong>TuSimple </strong>(OTC: <a class="ticker" href="https://www.benzinga.com/stock/tsph#OTC">TSPH</a>)<strong> </strong>in December 2022. In both cases, the trucks will operate with safety drivers on board. Neither Plus nor Hyundai would discuss timing.</li>
</ul>

<ul><li>Facing a vote on a reverse split of its shares next month that could be followed by authorizing new shares for raising capital, <strong>Nikola </strong>(NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/nkla#NASDAQ">NKLA</a>)<strong> </strong>reported an order of 100 fuel-cell electric trucks from <strong>Ai Logistics </strong>for delivery in 2025. It is the kind of national fleet order that financially struggling Nikola is pursuing and needs to generate revenue. The startup has delivered 75 FCEVs to date.</li>
</ul>

<p>Separately, CEO Steve Girsky recently purchased 1 million shares of the company he helped bring public in 2020, paying about 54 cents a share.</p>

<ul><li><strong>Hino Motors</strong> (OTC: <a class="ticker" href="https://www.benzinga.com/stock/hinof#OTC">HINOF</a>) and Norway's <strong>Hexagon Purus</strong> (OTC: <a class="ticker" href="https://www.benzinga.com/stock/hpurf#OTC">HPURF</a>) revealed the Tern, a new zero-emission truck brand built on Hino's XL Series 4X2 chassis. The RC8 battery-electric Class 8 tractor integrates Hexagon Purus' zero-emission technology with a <strong>Dana Inc.</strong> (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/dan#NYSE">DAN</a>) Zero-8 electronic axle and <strong>Panasonic Energy </strong>(OTC: <a class="ticker" href="https://www.benzinga.com/stock/pcrff#OTC">PCRFF</a>)<strong> </strong>battery cells, initially from Japan with U.S. production beginning in 2026. </li>
</ul>

<p>Following a May 2023 memorandum of understanding, Daimler Truck-owned <strong>Mitsubishi Fuso </strong>and Toyota-owned Hino are progressing on a plan to merge Fuso and Hino into a single Japanese commercial-vehicle manufacturer. It was expected to be completed this year. But regulatory hurdles and emission certification issues at Hino have pushed out a definitive agreement.</p>

<p><img alt="" src="https://www.freightwaves.com/wp-content/uploads/2024/05/24/052424-TT119-Teem-1200x758.jpg" /></p>

<p>Hino Motors and Hexagon Purus revealed the Teem RC8, a Class 8 electric-truck chassis based on Hino's XL Series. (Photo - Alan Adler/FreightWaves)</p>

<p>Even as sales of electric trucks slow, Daimler Truck North America is thinking about what to do with the batteries in existing electric trucks when they are no longer useful for powering transportation.</p>

<p>As part of reducing the company's overall carbon footprint, Daimler will repair, remanufacture, repurpose or recycle lithium-ion-battery materials used in its electric trucks, step vans and school buses.</p>

<ul><li><strong>Proterra</strong> (OTC: <a class="ticker" href="https://www.benzinga.com/stock/ptraq#OTC">PTRAQ</a>) has begun life after bankruptcy as part of the Volvo Group. Customers privately say that they are paying more than they used to for batteries from the startup. Proterra's battery assets were sold through a bankruptcy auction for $210 million in November. </li>
</ul>

<p>Daimler Truck North America (DTNA), Nikola and other customers all have re-upped with Proterra, whose issues resulted from uncontrolled spending, taking on too much debt, and expanding too quickly rather than any technological issues. DTNA said it is using Proterra batteries for new versions of its electric school buses and Freightliner Custom Chassis electric step vans. It did not mention the new owner of its battery supplier.</p>

<h2 id="h-truck-tech-episode-no-67-highlights-from-the-act-expo-exhibit-floor-an-d-a-conversation-with-daimler-truck-north-america-ceo-john-o-leary"><strong>Truck Tech episode No. 67: Highlights from the ACT Expo exhibit floor</strong>. An<strong>d a conversation with Daimler Truck North America CEO John O'Leary </strong></h2>

<div><iframe height="281" src="https://www.youtube.com/embed/U0EM83I2nHE?list=PLVi2PdlRdiSpjv3WSrEwb-j4qH7ezOEEs" width="500"></iframe></div>

<p>John O'Leary, the CEO of Daimler Truck North America, was the first guest on the Truck Tech podcast. He returns to discuss the state of electric trucks and DTNA's recent labor settlement with the United Auto Workers. </p>

<hr />

<p>That's it for this week. Thanks for reading and watching.</p>

<p>The post <a href="https://www.freightwaves.com/news/tesla-to-trucking-industry-step-up-your-electric-game">Tesla to trucking industry: Step up your electric game</a> appeared first on <a href="https://www.freightwaves.com">FreightWaves</a>.</p>

<p>Ratings for Dana (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DAN#NYSE">DAN</a>) were provided by 5 analysts in the past three months, showcasing a mix of bullish and bearish perspectives.</p>
<p>Summarizing their recent assessments, the table below illustrates the evolving sentiments in the past 30 days and compares them to the preceding months.</p>
<table>
<thead>
<tr>
<th></th>
<th style="text-align: right;"><strong>Bullish</strong></th>
<th style="text-align: right;"><strong>Somewhat Bullish</strong></th>
<th style="text-align: right;"><strong>Indifferent</strong></th>
<th style="text-align: right;"><strong>Somewhat Bearish</strong></th>
<th style="text-align: right;"><strong>Bearish</strong></th>
</tr>
</thead>
<tbody>
<tr>
<td><strong>Total Ratings</strong></td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">3</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td><strong>Last 30D</strong></td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td><strong>1M Ago</strong></td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td><strong>2M Ago</strong></td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td><strong>3M Ago</strong></td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
</tbody>
</table>
<p>The 12-month price targets assessed by analysts reveal further insights, featuring an average target of $15.8, a high estimate of $18.00, and a low estimate of $13.00. Experiencing a 7.06% decline, the current average is now lower than the previous average price target of $17.00. </p>
<p><img src="https://www.benzinga.com/files/images/story/2024/1714568435_0.png" alt="price target chart" /></p>
<h2>Interpreting Analyst Ratings: A Closer Look</h2>
<p>An in-depth analysis of recent analyst actions unveils how financial experts perceive Dana. The following summary outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.</p>
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>Noah Kaye</td>
<td>Oppenheimer</td>
<td>Raises</td>
<td>Outperform</td>
<td>$18.00</td>
<td>$17.00</td>
</tr>
<tr>
<td>Tom Narayan</td>
<td>RBC Capital</td>
<td>Lowers</td>
<td>Sector Perform</td>
<td>$15.00</td>
<td>$19.00</td>
</tr>
<tr>
<td>Dan Levy</td>
<td>Barclays</td>
<td>Lowers</td>
<td>Equal-Weight</td>
<td>$15.00</td>
<td>$16.00</td>
</tr>
<tr>
<td>Ryan Brinkman</td>
<td>JP Morgan</td>
<td>Lowers</td>
<td>Overweight</td>
<td>$18.00</td>
<td>$19.00</td>
</tr>
<tr>
<td>Colin Langan</td>
<td>Wells Fargo</td>
<td>Lowers</td>
<td>Equal-Weight</td>
<td>$13.00</td>
<td>$14.00</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li><strong>Action Taken:</strong> Responding to changing market dynamics and company performance, analysts update their recommendations. Whether they 'Maintain', 'Raise', or 'Lower' their stance, it signifies their response to recent developments related to Dana. This offers insight into analysts' perspectives on the current state of the company.</li>
<li><strong>Rating:</strong> Offering a comprehensive view, analysts assess stocks qualitatively, spanning from 'Outperform' to 'Underperform'. These ratings convey expectations for the relative performance of Dana compared to the broader market.</li>
<li><strong>Price Targets:</strong> Analysts predict movements in price targets, offering estimates for Dana's future value. Examining the current and prior targets offers insights into analysts' evolving expectations.</li>
</ul>
<p>Assessing these analyst evaluations alongside crucial financial indicators can provide a comprehensive overview of Dana's market position. Stay informed and make well-judged decisions with the assistance of our Ratings Table.</p>
<p><a href="https://www.benzinga.com/quote/DAN/analyst-ratings?utm_source=Benzinga Insights"><strong>Stay up to date on Dana analyst ratings.</strong></a></p>
<p>If you are interested in following small-cap stock news and performance <a href="https://www.benzinga.com/news/small-cap">you can start by tracking it here</a>.</p>
<h2>All You Need to Know About Dana</h2>
<p>Dana Inc is engaged in the designing and manufacturing of efficient propulsion and energy-management solutions that power vehicles and machines in all mobility markets across the globe. The company has four operating segments: Light Vehicles, Power Technologies, Commercial Vehicle, and Off-Highway. The Light Vehicles segment generates the majority portion of revenue by providing products to support light vehicle OEMs. Its products are designed for light trucks, SUVs, CUVs, vans, and passenger cars.</p>
<h3>Dana: Financial Performance Dissected</h3>
<p><strong>Market Capitalization Analysis:</strong> The company exhibits a lower market capitalization profile, positioning itself below industry averages. This suggests a smaller scale relative to peers.</p>
<p><strong>Decline in Revenue:</strong> Over the 3 months period, Dana faced challenges, resulting in a decline of approximately <strong>-2.39%</strong> in revenue growth as of 31 December, 2023. This signifies a reduction in the company's top-line earnings. As compared to competitors, the company encountered difficulties, with a growth rate lower than the average among peers in the Consumer Discretionary sector.</p>
<p><strong>Net Margin:</strong> Dana's net margin lags behind industry averages, suggesting challenges in maintaining strong profitability. With a net margin of <strong>-1.56%,</strong> the company may face hurdles in effective cost management.</p>
<p><strong>Return on Equity (ROE):</strong> Dana's ROE lags behind industry averages, suggesting challenges in maximizing returns on equity capital. With an ROE of <strong>-2.47%,</strong> the company may face hurdles in achieving optimal financial performance.</p>
<p><strong>Return on Assets (ROA):</strong> Dana's ROA is below industry averages, indicating potential challenges in efficiently utilizing assets. With an ROA of <strong>-0.49%,</strong> the company may face hurdles in achieving optimal financial returns.</p>
<p><strong>Debt Management:</strong> Dana's debt-to-equity ratio stands notably higher than the industry average, reaching <strong>1.89</strong>. This indicates a heavier reliance on borrowed funds, raising concerns about financial leverage.</p>
<h2>The Core of Analyst Ratings: What Every Investor Should Know</h2>
<p>Within the domain of banking and financial systems, analysts specialize in reporting for specific stocks or defined sectors. Their work involves attending company conference calls and meetings, researching company financial statements, and communicating with insiders to publish "analyst ratings" for stocks. Analysts typically assess and rate each stock once per quarter.</p>
<p>Analysts may enhance their evaluations by incorporating forecasts for metrics like growth estimates, earnings, and revenue, delivering additional guidance to investors. It is vital to acknowledge that, although experts in stocks and sectors, analysts are human and express their opinions when providing insights.</p>
<p>This article was generated by Benzinga's automated content engine and reviewed by an editor.</p>


Assessing Dana: Insights From 5 Financial Analysts

<p>Oppenheimer  analyst Noah Kaye   maintains Dana (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DAN#NYSE">DAN</a>) with a Outperform and raises the price target from $17 to $18.</p>


Oppenheimer Maintains Outperform on Dana, Raises Price Target to $18

Dana Q2 2024 Earnings Preview

Dana Non-GAAP EPS of $0.31 beats by $0.05, revenue of $2.74B misses by $20M

Dana Incorporated (DAN) Q2 2024 Earnings Call Transcript

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In a report released yesterday, Colin Langan from Wells Fargo maintained a Hold rating on Dana Holding (DAN – Research Report), with a price target...

Wells Fargo Reaffirms Their Hold Rating on Dana Holding (DAN)

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Dana Holding Appoints Craig Price as Senior VP

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Tracking Carl Icahn's 13F Report - Q2 2024 Update

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APTV

BLCO

CNDT

DORM

FNMA

FNMAG

FNMAH

FNMAI

FNMAJ

FNMAK

FNMAL

FNMAM

FNMAN

FNMAO

FNMAP

FNMAS

FNMAT

FNMFM

FNMFN

FNMFO

ILMN

JBLU

LCII

THRM

Press Releases

Dana Incorporated Names New Chief Human Resources Officer

Dana Incorporated Names New Commercial Vehicle Business Unit President

Dana Incorporated to Announce 2024 Second-quarter Financial Results, Host Conference Call and Webcast on July 31

Dividends

Commodities

Dana to Pay Dividend on Common Stock

Dana Incorporated Reports 2024 Second-Quarter Financial Results with Increased Adjusted EBITDA and Adjusted EBITDA Margin, Raises Full-Year Free Cash Flow Guidance

Dana Incorporated to Participate in J.P. Morgan Auto Conference

Dana Announces Recipients of 2023 Supplier Awards

Dana Incorporated Appoints Craig Price to Lead Off-Highway Business

Dana Spotlights Next-Generation Drive and Motion Mining Technologies and New Certified Reman™ Program at MINExpo®

Dana Launches Dana Certified Reman™ Program Boosting Sustainability and Extending Life Cycles of Drive Technologies for Off-Highway

Adient

Autoliv

Aptiv

American Axle & Manufacturing Holdings, Inc. Common Stock

American Axle & Mfg Hldgs

BorgWarner

Dorman Prods

ECARX Holdings Inc. - Class A Ordinary shares

ECARX Holdings

Fox Factory Hldg

Gentex

Garrett Motion

Holley

Hesai Group - American Depositary Share, each ADS represents one Class B ordinary share

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