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Fly News Breaks for June 29, 2017
ALSN
Jun 29, 2017 | 06:10 EDT
Piper Jaffray analyst Alexander Potter says he's "growing more confident" in his Underweight rating on Allison Transmission following commentary from electric truck suppliers. Allison has more electric vehicle disruption risk as its targeted on-highway markets will probably be the first to electrify, Potter tells investors in a research note. He believes over 70% of the company's revenue is subject electric vehicle disruption. The analyst keeps an Underweight rating on the shares with a $31 price target.
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