Dana Corporation Reports 4Q Earnings Beat, Deutsche Bank Maintains Buy

Deutsche Bank has published a research report on Dana Corporation DAN after the company reported 4Q earnings that came in ahead of expectations. In the report, Deutsche Bank writes "Dana reported Q4 EBITDA of $143MM; ahead of our $135MM estimate and the company's most recent guidance of $140MM. Revenue of $1.55bn was ahead of our $1.47bn estimate. EBITDA margin of 9.2% was in-line with our estimates. We maintain our Buy recommendation based on valuation and the upside potential to margin expectations." Deutsche Bank maintains its Buy rating and $21 price target. Dana Corporation closed yesterday at $17.80.