Stifel initiates coverage of American Axle with 'hold' rating

Dauch

21/08/2025 13:16

** 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))