UBS Maintains Neutral on American Axle & Mfg Hldgs, Raises Price Target to $8
Portfolio Pulse from Benzinga Newsdesk
UBS analyst Joseph Spak maintains a Neutral rating on American Axle & Mfg Hldgs (AXL) and raises the price target from $7 to $8.

May 06, 2024 | 6:27 pm
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POSITIVE IMPACT
UBS has maintained a Neutral rating on American Axle & Mfg Hldgs and increased the price target from $7 to $8.
The increase in price target by UBS suggests a positive outlook on the company's future performance, potentially leading to a short-term positive impact on the stock price. However, the Neutral rating indicates that the analyst sees the stock as fairly valued at its current price, balancing the potential for both upside and downside.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 90