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AXL

American Axle

$17.45

0.245 (1.42%)

10:39
06/14/18
06/14
10:39
06/14/18
10:39

American Axle boosts FY18 revenue view to $7.1B-$7.2B from approx. $7B

Consensus is $7.1B. This sales projection is based on the anticipated launch schedule of programs in AAM's new and incremental business backlog and the assumption that the U.S. Seasonally Adjusted Annual Rate of sales is in the range of 16.8 million to 17.0 million light vehicle units in 2018. AAM is confirming its 2018 Adjusted EBITDA margin target of 17.5% to 18% of sales. AAM is confirming its 2018 Adjusted free cash flow target of approximately 5% of sales. AAM is confirming its previous cost reduction synergy target from the acquisition of Metaldyne Performance Group of $120M by the first quarter by 2019 and increasing the total expected cost reduction synergy target to $140M by 2020.

  • 14

    Jun

AXL American Axle
$17.45

0.245 (1.42%)

03/27/18
SBSH
03/27/18
UPGRADE
SBSH
Buy
American Axle upgraded to Buy from Neutral at Citi
03/27/18
SBSH
03/27/18
UPGRADE
Target $20
SBSH
Buy
Citi upgrades American Axle to Buy on improved risk/reward profile
Citi analyst Itay Michaeli upgraded American Axle to Buy from Neutral with an unchanged price target of $20. The analyst sees an improved risk/reward profile following the recent pullback in the shares. Strengthening EBITDA margins throughout the year and additional new business opportunities in key areas like electric vehicles provide potential catalysts over the next 12 months, Michaeli tells investors in a research note. The analyst is not making a call on the quarter, but rather a call that "sentiment could stand to improve significantly" post the Q1 report.
04/09/18
04/09/18
NO CHANGE
Target $21

Overweight
Morgan Stanley, bullish on trucks, names American Axle top pick in U.S. Autos
After Morgan Stanley published a report on the potential beneficiaries from infrastructure spending, analyst Armintas Sinkevicius called American Axle (AXL) the supplier with the greatest direct exposure to pick-up trucks and believes it should receive an outsized benefit from any infrastructure spending increase. He named American Axle his top pick in the U.S. Autos & Shared Mobility sector, stating that after the first quarter he expects volumes to improve at General Motors (GM), launch costs to fade and for synergies to provide margin expansion and free cash flow generation. As previously reported, Morgan Stanley analyst Adam Jonas upgraded General Motors to Overweight from Equal Weight this morning, also citing the potential benefits of increased U.S. infrastructure spending.
06/08/18
MSCO
06/08/18
NO CHANGE
MSCO
Overweight
Morgan Stanley says American Axle analyst day may dispel part of bear thesis
Morgan Stanley analyst Armintas Sinkevicius said the bear thesis on American Axle is centered around "the cycle, leverage, customer concentration, and electrification, in that order." While he does not debate that the cycle will be an overhang for the foreseeable future, Sinkevicius believes the company's upcoming analyst day may help it to dispel some other parts of the bear thesis, particularly the risk around electrification, which he views as overdone. The analyst, who is not expecting any guidance targets at the event, keeps an Overweight rating on American Axle and continues to view it as his top pick in the U.S. Autos and Shared Mobility sector.

TODAY'S FREE FLY STORIES

SQ

Square

$87.97

1.1 (1.27%)

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MSFT

Microsoft

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1.05 (0.94%)

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KL

Kirkland Lake Gold

$17.57

-0.64 (-3.51%)

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  • 23

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MSFT

Microsoft

$113.24

1.05 (0.94%)

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OMAB

OMA Airports

$56.18

2.13 (3.94%)

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CE

Celanese

$113.41

-0.03 (-0.03%)

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WYNN

Wynn Resorts

$132.97

0.56 (0.42%)

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GLD

SPDR Gold Trust

$113.43

-0.18 (-0.16%)

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JAZZ

Jazz Pharmaceuticals

$161.89

0.92 (0.57%)

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RIG

Transocean

$11.93

0.335 (2.89%)

17:29
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NE

Noble Corp.

$6.15

0.19 (3.19%)

17:26
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  • 24

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CCOEY

Capcom

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BBY

Best Buy

$77.70

0.67 (0.87%)

17:24
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DO

Diamond Offshore

$17.86

0.55 (3.18%)

17:22
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TSM

TSMC

$43.57

-0.2 (-0.46%)

17:20
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WHD

Cactus

$35.93

1.24 (3.57%)

17:17
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ZTCOY

ZTE Corp.

$0.00

(0.00%)

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AKCA

Akcea Therapeutics

$26.58

1.73 (6.96%)

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  • 06

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OIS

Oil States

$30.85

0.55 (1.82%)

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NOV

National Oilwell

$44.55

0.44 (1.00%)

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  • 26

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FET

Forum Energy

$11.20

0.275 (2.52%)

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  • 24

    Sep

ARES

Ares Management

$22.30

0.7 (3.24%)

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TKR

Timken

$48.65

-0.05 (-0.10%)

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DRQ

Dril-Quip

$49.90

0.8 (1.63%)

16:58
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SRLP

Sprague Resources

$26.65

0.05 (0.19%)

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