Fly News Breaks for September 5, 2017
ALSN
Sep 5, 2017 | 05:07 EDT
Deutsche Bank analyst Nicole DeBlase downgraded Allison Transmission to Sell and cut her price target for the shares to $33 from $43. The electrification of medium-duty trucks is a "significant structural risk" over the next 10-plus years, and will likely weigh on the company's multiple, DeBlase tells investors in a research note.
News For ALSN From the Last 2 Days
ALSN
Apr 15, 2024 | 06:18 EDT
JPMorgan raised the firm's price target on Allison Transmission to $78 from $70 and keeps a Neutral rating on the shares as part of a Q1 earnings preview the trucks group. The firm is positive into the print and raised estimates across the board. The cohort from the last Class 8 cycle peak is entering the replacement age, and demand remains resilient among less than truckload operators, the analyst tells investors in a research note.