Dana Better Than It Looks, But End-Market Trends Are Really Tough Now

Wachira Wacharapathom My prior call on Dana (NYSE:DAN) worked out alright for about six to nine months in 2023, but then the outlook for the very profitable off-highway business started to erode, as did the outlook for the EV business. Trends have only gotten more challenging since then, and while there are some bright spots in the outlook for 2025, the shares are nevertheless down about a third since my last update – more or less matching the performance of American Axle (AXL) and outperforming Dowlais (OT ...