Stifel Upgrades Allison Transmission (ALSN) to Buy
Get Alerts ALSN Hot Sheet
Rating Summary:
6 Buy, 15 Hold, 4 Sell
Rating Trend: Up
Today's Overall Ratings:
Up: 13 | Down: 10 | New: 11
Join SI Premium – FREE
Stifel upgraded Allison Transmission (NYSE: ALSN) from Hold to Buy with a price target of $50.00 (from $44.00).
Analyst Mike Baudendistel continues to believes the company is a "solid holding" noting electrification-related obsolescence fears are largely overblown and likes the favorable cyclical positioning relative to peers given minimal exposure to over-the-road Class 8 trucks. Following the recent pullback the analyst believes the current valuation offers an attractive entry point.
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 $40.38 yesterday.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- BofA Securities Upgrades Estee Lauder (EL) to Buy; 'Earnings have bottomed'
- Hyundai Mobis Co Ltd. (012330:KS) PT Raised to KRW340,000 at HSBC
- GLJ Research Upgrades Cleveland-Cliffs (CLF) to Buy
Create E-mail Alert Related Categories
Analyst Comments, Analyst PT Change, Hot Upgrades, UpgradesRelated Entities
StifelSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!