KeyBanc Starts Allison Transmission (ALSN) at Hold; Large Manufacturer, But Headwinds Could Persist

KeyBanc initiates coverage on Allison Transmission (NYSE: ALSN) with a Hold.

Analyst, Brett D. Hoselton, said, "ALSNis the world's largest manufacturer of fully-automatic transmissions for medium and heavy duty commercial vehicles with proprietary technology and a dominant market share position in core end markets. The Company is led by a solid and experienced management team, with an average industry experience of 22 years and an average of 17 years with the Company...Revenue outlook appears tempered as while we still expect a gradual recovery in North American Commercial Vehicle production (40% of sales), near-term momentum appears to have slowed. Headwinds could persist in several of the other end markets as: 1) Military spending is declining; 2) Hybrid bus sales are expected to contract; and 3) near-term natural gas drilling appears to be deteriorating."

For an analyst ratings summary and ratings history on Allison Transmission click here. For more ratings news on Allison Transmission click here.

Shares of Allison Transmission closed at $21.90 yesterday.

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