Jefferies Reiterates Underperform Rating, $9 PT on American Axle & Manufacturing - American Axle & Mfg Hldgs (NYSE:AXL)

Crypto Whales Are Loading Up — Are You?

New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.

In a report published Wednesday, Jefferies & Company reiterated its Underperform rating and $9.00 price target on American Axle & Manufacturing (NYSE: AXL).Jefferies noted, “Following IHS's forecast update on Tuesday, we are rebalancing our quarterly estimates for AXL to more closely align our model with IHS's estimated timing for Dodge Ram and T-900 production. Our full-year 2012 EPS estimate declines only modestly to $1.97 from $2.03 (vs. consensus of $1.95); the bigger change is in the distribution of EPS across the quarters.”American Axle & Manufacturing closed on Tuesday at $10.03.

Crypto Whales Are Loading Up — Are You?

ENTER TO WIN $500 IN STOCK OR CRYPTO

Enter your email and you'll also get Benzinga's ultimate morning update AND a free $30 gift card and more!