American Axle price target raised to $4.90 from $4.60 at TD Cowen

TD Cowen raised the firm’s price target on American Axle (AXL) to $4.90 from $4.60 and keeps a Hold rating on the shares. The firm said they reported a solid Q1 and provided a reassuring guide on well-contained decrementals and see an improving risk/reward at the current valuation.