UBS Upgrades American Axle & Mfg Hldgs to Neutral, Maintains Price Target to $7
Portfolio Pulse from Benzinga Newsdesk
UBS analyst Joseph Spak upgraded American Axle & Mfg Hldgs (AXL) from Sell to Neutral while maintaining the price target at $7.
February 28, 2024 | 10:42 am
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UBS upgraded American Axle & Mfg Hldgs to Neutral and maintained the price target at $7.
The upgrade from Sell to Neutral by a major analyst like UBS suggests a more favorable outlook for AXL, potentially leading to increased investor confidence and a positive short-term impact on the stock price. The maintenance of the price target indicates stability in the company's valuation according to UBS.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 90