Citigroup Maintains Neutral on American Axle & Mfg Hldgs, Raises Price Target to $9
Portfolio Pulse from Benzinga Newsdesk
Citigroup analyst Itay Michaeli has maintained a Neutral rating on American Axle & Mfg Hldgs (NYSE:AXL) and raised the price target from $8 to $9.

July 18, 2023 | 4:39 pm
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NEUTRAL IMPACT
Citigroup has maintained a Neutral rating on American Axle & Mfg Hldgs and raised the price target from $8 to $9.
The news is directly about American Axle & Mfg Hldgs (AXL). Citigroup's decision to maintain a Neutral rating indicates that they do not expect significant price movement in the short term. However, the increase in price target from $8 to $9 suggests a positive outlook in the longer term. This could potentially attract investors, but the immediate impact on the stock price is likely to be neutral.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100