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Morgan Stanley Sees More Rough Times Ahead for American Axle & Manufacturing

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In a report published Wednesday, Morgan Stanley analyst Ravi Shanker reiterated an Underweight rating and $14.00 price target on American Axle & Manufacturing (NYSE: AXL).

In the report, Morgan Stanley noted, “For a company with almost no exposure to Europe or the volatile CV cycle and that is in the middle of one of the industry's strongest product, AXL's earnings have been cut more often than we expected, in the past 2 yrs. The path to smooth sailing ahead needs at least a small hop of faith.”

American Axle & Manufacturing closed on Tuesday at $19.35.

Latest Ratings for AXL

DateFirmActionFromTo
Mar 2021Morgan StanleyDowngradesEqual-WeightUnderweight
Mar 2021CitigroupDowngradesBuyNeutral
Mar 2021Credit SuisseMaintainsNeutral

View More Analyst Ratings for AXL
View the Latest Analyst Ratings

 

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Posted-In: Morgan Stanley Ravi ShankerAnalyst Color Reiteration Analyst Ratings

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ALHCMorgan StanleyInitiates Coverage On36.0
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