JPMorgan upgrades American Axle & Manufacturing (NYSE: AXL ) to Neutral from Underweight due to U.S. light vehicle SAAR trends and its above consensus estimates. The price target for shares was raised to $22 from $20. AXL +1% premarket Post your comment!
after TRW shares have moved up on buyout speculation, the company continues to trade at a discount to its peers such as American Axle ( AXL ), Delphi ( DLPH ), and BorgWarner ( BWA ). In my view, TRW's cheap valuation means that the company can push for a
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American Axle AXL announced on Tuesday that it obtained a second waiver extension from its lenders related to financial covenant violations. The
On Tuesday, American Axle AXL obtained waivers from its lenders pertaining to financial covenant violations. As we've previously noted , these violations
We're placing American Axle AXL under review while we re-examine its financial risk amid drastic cost-cutting efforts and a reduced likelihood vital customers
On Friday, American Axle AXL reported weak first-quarter results that underline the unprecedented collapse in global vehicle production. Top-line growth