AXL Crosses Above Average Analyst Target
May 19, 2020 at 07:56 AM EDT
In recent trading, shares of American Axle & Manufacturing Holdings Inc (AXL) have crossed above the average analyst 12-month target price of $6.29, changing hands for $6.64/share. When a stock reaches the target an analyst has set, the analyst logically has two ways to react: downgrade on valuation, or, re-adjust their target price to a higher level..