Freedom Broker Starts Allison Transmission (ALSN) at Buy

Freedom Broker analyst Kanagat Yertay initiates coverage on Allison Transmission (NYSE: ALSN) with a Buy rating and a price target of $144.00.

The analyst comments: “We initiate coverage of Allison Transmission Holdings (ALSN) with a Buy rating and a $144 price target. Allison is a leading provider of commercial-duty propulsion and drivetrain solutions, with strong positions in North American vocational trucks and buses, Defense exposure and a large installed base supporting recurring aftermarket demand. The Dana Off-Highway acquisition materially expands its addressable market across construction, agriculture, mining and industrial applications. We believe Allison’s superior margins, competitive positions and strong free-cash-flow generation do not justify its current discount to peers, which should narrow as Off-Highway integration and synergy delivery progress.”

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 $116.28 yesterday.

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