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Fly News Breaks for August 1, 2017
ALSN
Aug 1, 2017 | 13:28 EDT
As previously reported, Baird analyst David Leiker upgraded Allison Transmission to Outperform from Neutral, saying he is "challenged to pinpoint a trigger" for the stock's selloff after the company's EBITDA beat expectations and it raised guidance. Worries that electric trucks pose a risk are unfounded and management has consistently been conservative with their outlook, said Leiker, who added that he has been sidelined on the stock while awaiting a pullback. He raised his price target on Allison shares to $51 from $43.
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