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Fly News Breaks for August 17, 2017
ALSN
Aug 17, 2017 | 06:17 EDT
JPMorgan analyst Ann Duignan downgraded Allison Transmission to Neutral saying the cyclical tailwinds from oil and gas fleet refurbishments are fading. The analyst sees risks to Allison's market share as vertical integration at manufacturers continues, particularly in Class 8 straight and Class 6-7 segments. The analyst lowered her price target for the shares to $39 from $45.