RBC Capital downgrades Dowlais, says American Axle deal now in the price.
RBC Capital Markets downgraded Dowlais on Tuesday to ‘sector perform’ from ‘outperform’ as the American Axle deal gets closer and is now in the price.
Dowlais Group
19 August 2025 07:46:05
Source: Sharecast
"With Dowlais trading at only a circa 1-2% discount to the implied American Axle bid price we downgrade our rating to sector perform and set our price target at 77p in line with the current implied bid price," the bank said.
The previous price target was 70p.
"We remain of the view that the American Axle offer potentially undervalues Dowlais," RBC said, adding that there is a significant future upside opportunity skewed towards American Axle shareholders.
"However, with the offer having been in place now for over six months with a Q4 completion still expected by the management teams, we see a completion as most likely."
N/A
ISIN:
N/A
Exchange: N/A
Sell:
N/A
Buy:
N/A
Change:
Date:
Prices delayed by at least 15 minutes
Compare our accounts
If you're looking to grow your money over the longer term (5+ years), we have a range of investment choices to help.
Halifax is not responsible for the content and accuracy of the Markets News articles. We may not share the views of the author. Understand the risks, please remember the value of your investment can go down as well as up and you may not get back the full amount you invest. We don't provide advice so if you are in any doubt about buying and selling shares or making your own investment decisions we recommend you seek advice from a suitably qualified Financial Advisor. Past performance is not a guide to future performance.
