UPDATE: Jefferies Reiterates Hold Rating, Raises PT on American Axle & Manufacturing Holdings After Higher-Than-Expected Close
February 11, 2013 at 11:40 AM EST
In a report published Monday, Jefferies reiterated its Hold rating on American Axle & Manufacturing Holdings (NYSE: AXL ), and raised its price target from $9.00 to $13.00. Jefferies noted, “AXL shares closed up 3.3% on Friday (vs. the S&P 500 up 0.5%) after modestly missing 4Q consensus and guidance.