In a report released yesterday, Federico Merendi from Bank of America Securities maintained a Sell rating on American Axle, with a price target of $4.50. The company’s shares closed yesterday at $5.41.
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Merendi covers the Consumer Cyclical sector, focusing on stocks such as Ford Motor, PHINIA Inc., and Asbury. According to TipRanks, Merendi has an average return of 1.2% and a 51.72% success rate on recommended stocks.
The word on The Street in general, suggests a Hold analyst consensus rating for American Axle with a $6.53 average price target.
The company has a one-year high of $7.03 and a one-year low of $3.00. Currently, American Axle has an average volume of 3.63M.
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