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UBS Upgrades American Axle (AXL) to Neutral

February 27, 2024 4:17 PM EST

UBS analyst Joseph Spak upgraded American Axle (NYSE: AXL) from Sell to Neutral with a price target of $7.00.

The analyst comments "We are upgrading AXL to Neutral from Sell and retain our $7 PT. When we downgraded the stock to Sell, our 2024/25 adj. EBITDA forecasts was... More