B.Riley FBR Sticks to Its Sell Rating for American Axle (AXL)


B.Riley FBR analyst Christopher Van Horn maintained a Sell rating on American Axle (AXL) today and set a price target of $10. The company’s shares opened today at $11.66, close to its 52-week low of $11.35.

According to TipRanks.com, Horn is a 4-star analyst with an average return of 5.5% and a 52.0% success rate. Horn covers the Consumer Goods sector, focusing on stocks such as Motorcar Parts Of America, Standard Motor Products, and Methode Electronics.

Currently, the analyst consensus on American Axle is a Moderate Buy with an average price target of $17.

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The company has a one-year high of $19.63 and a one-year low of $11.35. Currently, American Axle has an average volume of 1.92M.

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American Axle & Manufacturing Holdings, Inc. operates as a supplier to the automotive industry. Though its subsidiaries, it manufactures, engineers, designs, and validates driveline and drivetrain systems and related components. It also offers chassis modules for light trucks, sport utility vehicles, passenger cars, crossover, and commercial vehicles.

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