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AXL

American Axle

$12.05

0.25 (2.12%)

08:39
06/27/19
06/27
08:39
06/27/19
08:39

Credit Suisse bullish on American Axle, initiates with an Outperform

As previously reported, Credit Suisse analyst Dan Levy initiated American Axle with an Outperform rating and $15 price target. With one of the most inexpensive valuation multiples among auto stocks, the backdrop for the stock is one of "poor sentiment," he notes. Yet, the analyst sees reasons to be positive on American Axle stock, namely a positive inflection in data points in the second half of 2019, "solid and underappreciated" free cash flow generation, and its progress in an EV world.

AXL American Axle
$12.05

0.25 (2.12%)

06/26/19
FBCO
06/26/19
INITIATION
Target $15
FBCO
Outperform
American Axle initiated with an Outperform at Credit Suisse
Credit Suisse initiated American Axle with an Outperform and $15 price target.
02/20/19
02/20/19
UPGRADE

Fly Intel: Top five analyst upgrades
Catch up on today's top five analyst upgrades with this list compiled by The Fly: 1. Pfizer (PFE) resumed with a Neutral from Sell at Citi with analyst Andrew Baum saying the recent pullback in the stock, along with the 5%-8% 2019-2021 consensus estimate reductions, gives him the opportunity to close his Sell rating. 2. Transocean (RIG) and Diamond Offshore (DO) were upgraded to Overweight from Underweight at Barclays. 3. American Axle (AXL) upgraded to Buy from Neutral at BofA/Merrill with analyst John Murphy citing progress with restructuring, GM's (GM) truck cycle, and balance sheet deleveraging. 4. Credit Suisse (CS) upgraded to Hold from Sell at Berenberg. 5. Ipsen (IPSEY) upgraded to Neutral from Sell at Goldman Sachs with analyst Diana Na citing valuation. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
02/20/19
BOFA
02/20/19
UPGRADE
BOFA
Buy
American Axle upgraded to Buy from Neutral at BofA/Merrill
BofA/Merrill analyst John Murphy upgraded American Axle to Buy from Neutral with a $20 price target citing progress with restructuring, GM's truck cycle, and balance sheet deleveraging. Murphy expects the integration of MPG to realize benefits through 2019 and drive incremental cost and revenue synergies. The analyst also expects GM's truck launch to provide support and potential upside through 1H 2020 and for reasonably strong free cash flow to strengthen the balance sheet.
01/07/19
MSCO
01/07/19
NO CHANGE
MSCO
Morgan Stanley sees most, if not all, auto suppliers guiding below consensus
Ahead of the Detroit auto show, Morgan Stanley analyst Armintas Sinkevicius said he expects that most, if not all, auto suppliers will provide 2019 guidance that is lower than consensus. He sees the most downside risk to Visteon (VC) and Adient (ADNT), estimating that they may guide adjusted EBITDA 6.4% and 5.0% below consensus, respectively. Not everyone will provide guidance at the show, as American Axle (AXL) and Delphi Technologies (DLPH) gave guidance with Q3 earnings and Aptiv (APTV) and BorgWarner (BWA) plan to wait for Q4 earnings, added Sinkevicius. He estimates that, on average, the auto suppliers will guide to 1.5% revenue growth and -25 bps of margin contraction in 2019, adding that his concern is that the guidance provided at Detroit may not sufficiently de-risk figures. Others in the space include Lear (LEA), Tenneco (TEN) and Magna (MGA).

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SNAP

Snap

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Upgrade
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SMBC

Southern Missouri Bancorp

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SSRM

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SNAP

Snap

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18:23
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HD

Home Depot

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AN

AutoNation

$42.01

-0.045 (-0.11%)

18:21
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AN

AutoNation

$42.01

-0.045 (-0.11%)

18:17
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CR

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CR

Crane

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0.99 (1.16%)

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AN

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STLD

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FBMS

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STLD

Steel Dynamics

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STLD

Steel Dynamics

$31.55

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FDEF

First Defiance Financial

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17:58
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  • 23

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QCOM

Qualcomm

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INTC

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AAPL

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SPY

SPDR S&P 500 ETF Trust

$297.82

0.65 (0.22%)

, SPX

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$0.00

(0.00%)

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SPX

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$0.00

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WAFD

Washington Federal

$34.85

-0.12 (-0.34%)

17:46
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Washington Federal raises dividend 5% »

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FBMS

First Bancshares

$29.74

-0.105 (-0.35%)

17:46
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Earnings
First Bancshares reports Q2 EPS ex-items 79c, consensus 69c »

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  • 23

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NTDOY

Nintendo

$0.00

(0.00%)

17:43
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OEC

Orion Engineered

$18.41

0.05 (0.27%)

17:33
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Orion Engineered announces price increases »

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