Deutsche Bank analyst Vishal Shah downgraded both Allison Transmission (ALSN) and Cummins (CMI) to Hold saying the risk/reward for both stocks is balanced at current levels. Shah views 2016 consensus estimates for both companies as "too optimistic" given risk of a peaking North American heavy duty/bus market and potential downside in the off-highway/international on-highway markets. He cut his price target for Allison shares to $28 from $38.

Allison Transmission partnered with SANY, a global heavy equipment manufacturer for the mining and construction markets, to integrate the Allison 4970 Specialty Series transmission into SANY's STC5000 500-ton all-terrain crane. These new cranes will be in operation in remote areas of China including the desert and mountain terrain. "Our off-highway vehicles require a powerful transmission designed to meet the challenge of navigating difficult terrain," said Du Jian, R&D Director of Crane Chassis, SANY. "We selected the Allison 4970 SP due to its proven ability to increase vehicle productivity and maneuverability." In addition to SANY's STC5000 crane, Allison is also the propulsion solution provider for the company's SAC600E 60-ton crane.