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iStockAnalyst: American Axle Shares Fall After Analyst's Downgrade: Reliance on GM's Trucks is Concern

New York City : NY : USA | 5 months ago
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GM announced another cut Monday, this time shaving 117,000 light trucks from its production schedule. Shares of American Axle, which trade in New York under the ticker AXL, fell $1.13, or 17.4%, to $5.38 at the end of trading Monday. KeyBanc auto analyst Brett Hoselton downgraded American Axle's stock...
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