KeyBanc Upgrades American Axle & Manufacturing Holding to Buy, Initiates PT at $15

KeyBanc upgraded its rating on American Axle & Manufacturing Holdings AXL from Hold to Buy. At the same time, the rating agency initiated its price target at $15. On Tuesday, AXL closed the day at $10.95. Its shares added 3.93% to their value in today's pre-market trading to stand around $11.38.