Barclays on Auto & Auto Parts: Impact At The Pump; Long BWA, Short AXL
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Price: $9.00 --0%
Rating Summary:
8 Buy, 10 Hold, 3 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 8 | Down: 6 | New: 26
Rating Summary:
8 Buy, 10 Hold, 3 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 8 | Down: 6 | New: 26
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Analyst, Brian Johnson comments on the impact at the pump on the companies in the auto and auto parts sector. He suggests taking profits on American Axle (NYSE: AXL) (Equalweight rated) due to long-term truck exposure; for Overweights, Ford (NYSE: F) & GM (NYSE: GM) less concern as mix headwinds offset by volume and pricing; recommend long BorgWarner (NYSE: BWA) (Overweight)/short AXL during 1H gas price spikes.
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