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AXL

American Axle

$15.66

0.29 (1.89%)

08:31
12/01/16
12/01
08:31
12/01/16
08:31

American Axle upgraded to Buy on better U.S. auto outlook at Deutsche Bank

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.

  • 10

    Jan

AXL American Axle
$15.66

0.29 (1.89%)

11/10/16
11/10/16
DOWNGRADE
Target $12

Underperform
American Axle downgraded to Underperform from Market Perform at FBR Capital
FBR Capital analyst Christopher Van Horn downgraded American Axle to Underperform citing the peaking of annual car sales and uncertainty on the auto suppliers following the Donald Trump victory. The analyst lowered his price target for the shares to $12 from $16.
11/15/16
KEYB
11/15/16
DOWNGRADE
KEYB
Sector Weight
American Axle downgraded to Sector Weight from Overweight at KeyBanc
11/16/16
KEYB
11/16/16
DOWNGRADE
KEYB
Sector Weight
American Axle downgraded on acquisition, headwinds at KeyBanc
As noted earlier, KeyBanc downgraded American Axle (AXL) to Sector Weight from Overweight. Analyst Brett Hoselton says that the company's acquisition of Metaldyne (MPG) does not appear to have accomplished its goals of diversifying its geographic focus and its customer base. Additionally, the analyst expects the company to be hurt by slowing light vehicle production growth in North America and its loss of 25% of the GM (GM) replacement business.
12/01/16
DBAB
12/01/16
UPGRADE
DBAB
Buy
American Axle upgraded to Buy from Hold at Deutsche Bank

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