American Axle & Manufact. Holdings, Inc. (NYSE:AXL) Is The Most Active Stock During Morning Trading Hours
American Axle (NYSE:AXL): Upgraded To Overweight At Barclay's
(EMAILWIRE.COM, September 11, 2009 ) New York, NY - PennyStockPickAlert is pleased to alert investors of stocks on the move.
American Axle & Manufact. Holdings, Inc. (NYSE:AXL) is the top percentage gainer and jumped up 19.11% to $7.53 on an impressive volume of 2.40 million shares within few minutes of trade after Barclays is out with a major call on American Axle (NYSE:AXL) upgrading the shares to Overweight from Equal-Weight while raising their price target to $13 (prev. $8).
According to the firm the upgrade comes as the recent GM agreement and in their view, a strong likelihood of a bank deal should remove liquidity concerns, enabling investors to focus on AXL's earnings in a recovery, which they view very favorably. Firm is bullish about the prod. outlook for AXL's top platform, the GMT900, and believes the Street materially underestimates demand for full-size trucks in the context of a recovery in SAAR, likely marketing programs focused on large pickups, and a 1Q10 bottoming in construction employment. Benefitting from its large exposure to this segment and its large cost reductions, AXL could expand its EBITDA margin to the 13%+ range in 2010 and nearly 14% by 2011, yielding above-consensus earnings growth.
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American Axle & Manufact. Holdings, Inc. (NYSE:AXL) is the top percentage gainer and jumped up 19.11% to $7.53 on an impressive volume of 2.40 million shares within few minutes of trade after Barclays is out with a major call on American Axle (NYSE:AXL) upgrading the shares to Overweight from Equal-Weight while raising their price target to $13 (prev. $8).
According to the firm the upgrade comes as the recent GM agreement and in their view, a strong likelihood of a bank deal should remove liquidity concerns, enabling investors to focus on AXL's earnings in a recovery, which they view very favorably. Firm is bullish about the prod. outlook for AXL's top platform, the GMT900, and believes the Street materially underestimates demand for full-size trucks in the context of a recovery in SAAR, likely marketing programs focused on large pickups, and a 1Q10 bottoming in construction employment. Benefitting from its large exposure to this segment and its large cost reductions, AXL could expand its EBITDA margin to the 13%+ range in 2010 and nearly 14% by 2011, yielding above-consensus earnings growth.
Penny Stock Pick Alert alerts its members on stocks that could generate higher than average returns. These include stocks with huge volume, penny stocks that are moving to the upside quickly, hot penny stocks with buy signals and companies with news. Our penny stock newsletter is well known for producing incredible results in a short amount of time and our members have made outstanding profits of over 100%. We encourage investors to join our FREE e-mail alerts by visiting Penny Stock Pick Alert
ABOUT Penny Stock Pick Alert
Investors who are interested in hot stocks on the move and making money in the stock market can receive FREE Alerts by visiting Penny Stock Pick Alert PennyStockPickAlert.com is a leading stock web site that provides free stock alerts on stocks that are poised to make big gains. PennyStockPickAlert.com also tracks small cap penny stocks that could be on the brink of a massive breakout. To feature a company on our web site please contact us at info@PennyStockPickAlert.com
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Tel: 214-556-6798
Email us
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