BUZZ-Stifel initiates coverage of American Axle with 'hold' rating

Reuters

2025/08/21

BUZZ-<a href="https://laohu8.com/S/SFB">Stifel</a> initiates coverage of American Axle with 'hold' rating

** Stifel initiates coverage of auto supplier American Axle & Manufacturing AXL.N with "hold" rating; sets PT at $6

** Brokerage says AXL's management is looking to generate $300 million of cost synergies from the Dowlais Group deal

** "Longer term, the company faces secular headwinds from the decline of ICE powered vehicles that need to be replaced with other revenue sources" - Stifel

** Two of nine brokerages rate the stock "buy", six "hold" and one "sell"; their median PT is $6 - LSEG data

** As of last close, stock was down ~3.8% YTD

(Reporting by Prakhar Srivastava in Bengaluru)

((Prakhar.srivastava2@thomsonreuters.com))

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