Carl Icahn Stock Portfolio: Top 10 Stock Picks

7. Dana Inc. (NYSE:DAN)

Carl Icahn’s Q4 2024 Stake: $165.1 million

Dana Inc. (NYSE:DAN) offers power conveyance and energy management systems for automobiles and industry. The firm works in four segments: Light Vehicle Drive Systems, Commercial Vehicle Drive and Motion Systems, Off-Highway Drive and Motion Systems, and Power Technologies.

On January 27, UBS analyst Joseph Spak raised the price target for Dana Inc. (NYSE:DAN) shares from $18 to $20, while maintaining a Buy rating on the company. The adjustment comes after Dana’s recent business update, which revealed higher cost reductions than expected. The analyst believes that Dana might have around $900 million in capacity to reach the desired leverage ratio.

Dana Inc. (NYSE:DAN) revealed adjusted profits per share of $0.25 in Q4, which surpassed analyst expectations of $0.10. However, revenues for the quarter fell short of expectations, totaling $2.34 billion. Looking forward to this year, the company sees earnings per share reaching between $1.40 and $1.90, which is higher than the consensus projection of $1.20. Dana Inc. (NYSE:DAN) also expects 2025 revenues to be between $9.525 billion and $10.025 billion, compared to a consensus estimate of $9.651 billion.