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Fly News Breaks for December 1, 2016
AXL
Dec 1, 2016 | 08:31 EDT
As previously reported, Deutsche Bank analyst Rod Lache upgraded American Axle to Buy from Hold as he believes the Trump administration's pro-growth changes particularly benefit companies with leverage to U.S. pickups, commercial trucks, and construction machinery. Consensus expectations for automotive OEMs may have become overly cautious and the potential for near-term cyclical downside for the auto industry has diminished following the election, add Lache, who lowered his price target on American Axle shares to $20 from $21.
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