Latest news with #TomNarayan
Business Insider
5 days ago
- Automotive
- Business Insider
Bernstein Remains a Hold on Stellantis (STLA)
Bernstein analyst Stephen Reitman maintained a Hold rating on Stellantis (STLA – Research Report) today and set a price target of $11.70. Confident Investing Starts Here: Reitman covers the Consumer Cyclical sector, focusing on stocks such as Stellantis, Bayerische Motoren Werke Aktiengesellschaft, and Mercedes-Benz Group. According to TipRanks, Reitman has an average return of 7.5% and a 50.00% success rate on recommended stocks. In addition to Bernstein, Stellantis also received a Hold from RBC Capital's Tom Narayan in a report issued on May 28. However, on May 19, Wells Fargo maintained a Sell rating on Stellantis (NYSE: STLA).
Yahoo
24-05-2025
- Automotive
- Yahoo
RBC Upgrades Dana (DAN) Stock to Outperform, Lifts PT
On May 22, RBC Capital Markets analyst Tom Narayan upped Dana Incorporated (NYSE:DAN)'s stock from 'Sector Perform' to 'Outperform', while raising the price objective to $20.00 from $14.00. This upgrade comes on the heels of expectations that Dana Incorporated (NYSE:DAN) will announce its Off-Highway (OH) deal in June. This will result in positive outcomes and potentially higher capital returns. Furthermore, the analyst believes that even without the deal, the company's core business fundamentals remain strong, and it seems that the market is not fully appreciating this. A modern commercial vehicle on the road, its engine powered by the company's drive system. The sale of Dana Incorporated (NYSE:DAN)'s Off-Highway business remains underway with a competitive process. It continues to execute its cost-savings initiative and has adopted steps focused on accelerating the realization of its $300 million plan. The overall market sentiment related to tariffs continues to become more favorable, and Dana Incorporated (NYSE:DAN) remains well-placed in this area due to lower exposure in comparison to its automotive peers, says Narayan. This gives the company a relative advantage in the broader market, which remains sensitive to international trade issues. Furthermore, the potential deal can provide the company an opportunity to return additional capital to its shareholders. Dana Incorporated (NYSE:DAN) offers power-conveyance and energy-management solutions for vehicles and machinery. While we acknowledge the potential of DAN to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than DAN and that has 100x upside potential, check out our report about this cheapest AI stock. READ NEXT: and 11 Unstoppable Growth Stocks to Invest in Now Disclosure: None.
Yahoo
22-05-2025
- Automotive
- Yahoo
RBC Upgrades Dana (DAN) Stock to Outperform, Lifts PT
On May 22, RBC Capital Markets analyst Tom Narayan upped Dana Incorporated (NYSE:DAN)'s stock from 'Sector Perform' to 'Outperform', while raising the price objective to $20.00 from $14.00. This upgrade comes on the heels of expectations that Dana Incorporated (NYSE:DAN) will announce its Off-Highway (OH) deal in June. This will result in positive outcomes and potentially higher capital returns. Furthermore, the analyst believes that even without the deal, the company's core business fundamentals remain strong, and it seems that the market is not fully appreciating this. A modern commercial vehicle on the road, its engine powered by the company's drive system. The sale of Dana Incorporated (NYSE:DAN)'s Off-Highway business remains underway with a competitive process. It continues to execute its cost-savings initiative and has adopted steps focused on accelerating the realization of its $300 million plan. The overall market sentiment related to tariffs continues to become more favorable, and Dana Incorporated (NYSE:DAN) remains well-placed in this area due to lower exposure in comparison to its automotive peers, says Narayan. This gives the company a relative advantage in the broader market, which remains sensitive to international trade issues. Furthermore, the potential deal can provide the company an opportunity to return additional capital to its shareholders. Dana Incorporated (NYSE:DAN) offers power-conveyance and energy-management solutions for vehicles and machinery. While we acknowledge the potential of DAN to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than DAN and that has 100x upside potential, check out our report about this cheapest AI stock. READ NEXT: and 11 Unstoppable Growth Stocks to Invest in Now Disclosure: None. Error while retrieving data Sign in to access your portfolio Error while retrieving data
Business Insider
20-05-2025
- Automotive
- Business Insider
Rivian Automotive (RIVN) Receives a Hold from RBC Capital
In a report released on May 16, Tom Narayan from RBC Capital maintained a Hold rating on Rivian Automotive (RIVN – Research Report), with a price target of $14.00. The company's shares closed yesterday at $16.29. Confident Investing Starts Here: Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions Receive undervalued, market resilient stocks straight to you inbox with TipRanks' Smart Value Newsletter According to TipRanks, Narayan is a 4-star analyst with an average return of 3.8% and a 47.06% success rate. Narayan covers the Consumer Cyclical sector, focusing on stocks such as Tesla, Stellantis, and Ferrari. In addition to RBC Capital, Rivian Automotive also received a Hold from Cantor Fitzgerald's Andres Sheppard in a report issued yesterday. However, on the same day, Exane BNP Paribas maintained a Buy rating on Rivian Automotive (NASDAQ: RIVN).
Business Insider
20-05-2025
- Business
- Business Insider
Lucid Group (LCID) Gets a Hold from RBC Capital
In a report released on May 16, Tom Narayan from RBC Capital maintained a Hold rating on Lucid Group (LCID – Research Report), with a price target of $2.00. The company's shares closed yesterday at $2.68. Confident Investing Starts Here: Narayan covers the Consumer Cyclical sector, focusing on stocks such as Tesla, Stellantis, and Ferrari. According to TipRanks, Narayan has an average return of 3.8% and a 47.06% success rate on recommended stocks. In addition to RBC Capital, Lucid Group also received a Hold from Cantor Fitzgerald's Andres Sheppard in a report issued yesterday. However, on May 7, Bank of America Securities reiterated a Sell rating on Lucid Group (NASDAQ: LCID).
