DAN x ETN Mobility Combination - First Look

Research evidence excerpt

DAN x ETN Mobility Combination - First Look

June 11, 2026

Wolfe Research, LLC Distribution of Fundamental Stock Ratings (As of June 11, 2026):

Outperform: 52.46% 4.81% Investment Banking Clients within the previous 12 months

Peer Perform: 42.62% 2.54% Investment Banking Clients within the previous 12 months

Underperform: 4.92% 0.00% Investment Banking Clients within the previous 12 months

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Underperform are not the respective equivalents of Buy, Hold, and Sell but represent relative weightings as defined

above. To satisfy regulatory requirements, Outperform has been designated to correspond with Buy, Peer Perform has

been designated to correspond with Hold, and Underperform has been designated to correspond with Sell.

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