Why Shares of American Axle and Manufacturing Are Surging Today
Shares of American Axle and Manufacturing Holdings (NYSE: AXL) were up sharply on Friday. As of 12:00 p.m. EDT, American Axle's shares were trading at $19.25, up about 7% from Thursday's close.
Why the jump? Before the market opened on Friday, the company reported third-quarter earnings that were well above Wall Street's expectations and boosted its full-year guidance.
American Axle's third-quarter earnings came in well ahead of Wall Street expectations. Image source: American Axle and Manufacturing Holdings.
Source: Fool.com
American Axle + Mfg Hldgs Stock
€5.75
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Based on 3 Buy predictions and 2 Sell predictions the sentiment towards American Axle + Mfg Hldgs is rather balanced.
As a result the target price of 9 € shows a very positive potential of 56.52% compared to the current price of 5.75 € for American Axle + Mfg Hldgs.
