Markets & Finance

KeyBanc Ups Dana to Buy from Hold

KeyBanc upgraded Dana (DCN) to buy from hold, explaining that the company will likely make a positive change to its operational structure or even ownership.

Analyst Brett Hoselton also thinks that due to numerous valuation metrics, the downside risk to the company's shares is largely limited -- despite the company's dependence on Ford (F). He believes the biggest company-specific risk to owning shares is that no major change occurs, which could cause the stock to trade in a narrow band. Thus, he believes that while it is unclear when the company will regain earnings per share power or announce a change, at the current price, the potential upside outweighs risks.

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