FBR Initiates Coverage On Auto Parts Manufacturers

FBR Capital initiated coverage on auto parts companies Wednesday.

The firm rated Dana Holding Corporation (NYSE: DAN) at Outperform with a $25.00 price target. Dana Holding recently traded at $21.09, giving the stock approximately a 19 percent upside based on the price target.

The firm initiated coverage on Cooper Tire & Rubber Co (NYSE: CTB) with an Outperform rating and a $40 price target. The stock recently traded at $35.53, giving it a nearly 13 percent upside.

American Axle & Manufacturing Holdings, Inc. (NYSE: AXL) was rated Market Perform, with an $18.00 price target. The stock recently traded at $20.29 with an approximate 11 percent downside based on the target price.