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Fly News Breaks for December 16, 2016
AXL
Dec 16, 2016 | 07:33 EDT
Barclays analyst Brian Johnson upgraded American Axle to Overweight and raised its price target to $24 from $18. Johnson expects American Axle to benefit from an extended cycle given it has the highest North American exposure under coverage, will benefit from increased infrastructure spending, and the MPG deal looks more appealing with an extended cycle.
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