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Fly News Breaks for September 6, 2017
ALSN
Sep 6, 2017 | 08:34 EDT
Baird analyst David Leiker said Allison Transmission's current valuation is too compelling to ignore and he elevated it to a Top Idea. The analyst believes the perceived risks from electrification of vehicles is unlikely to play out, citing cost premiums, extended payback periods, performance demands, and typically long-term adoption cycles for new technologies. Leiker reiterated his Outperform rating and $51 price target on Allison Transmission shares.
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