UBS Downgrades American Axle & Mfg Hldgs to Sell, Lowers Price Target to $6.5
Portfolio Pulse from Benzinga Newsdesk
UBS analyst Joseph Spak has downgraded American Axle & Mfg Hldgs (NYSE:AXL) from Neutral to Sell and reduced the price target from $8 to $6.5.
January 17, 2024 | 11:05 am
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
UBS downgraded American Axle & Mfg Hldgs to Sell and lowered the price target to $6.5, indicating a bearish outlook on the stock.
Analyst downgrades typically lead to a negative perception among investors and can result in a short-term decline in the stock price. The reduction in the price target further emphasizes the analyst's bearish stance on the company, suggesting that the stock may underperform.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100