10 Stocks That Received Analyst Approval This Week

3. Dana Incorporated (NYSE:DAN)

Dana Incorporated is an auto parts supplier that was up 14% this week. The reason for the surge: analyst optimism stemming from internal restructuring at the company. In November last year, Dana engaged financial advisors to help it sell the Off-Highway business. According to the company, the step was intended to help the company unlock shareholder value.

That sentiment now seems to be shared by UBS analysts, who believe the potential sale could help the business de-lever, allowing more value to be added to the company’s equity. Analysts see the company as having a cleaner capital structure as a result of the sale.

Despite spending most of the last year in a downtrend, DANA shares seem to have turned a corner since the announcement of the sale. The stock is up 45% since the sale announcement and with UBS changing the stock rating from neutral to buy, more upside can be expected.