UPDATE 1-RESEARCH ALERT-UBS cuts American Axle to "neutral"

Newswire

(Changes source, adds details) Oct 30 (Reuters)- AMERICAN AXLE & MANUFACTURING HOLDINGS INC. Currrent Prior Rating Neutral Buy Price target $20 $19 --UBS said the downgrade followed American Axle's worker buyout offers, which the investment bank had factored into its earlier "buy" rating. --UBS raised its price target to reflect higher 2007 earnings outlook. (Reporting by Rakesh Dubey in Bangalore)

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