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Fly News Breaks for February 16, 2018
ALSN
Feb 16, 2018 | 07:30 EDT
As reported earlier, RBC Capital analyst Scott Weber downgraded Allison Transmission to Sector Perform from Outperform and lowered his price target to $46 from $50, citing a mixed Q4 earnings report and FY18 outlook. The analyst contends that while the company tends to guide conservatively and its 10% free cash flow yield makes it an "attractive" long term holding, he sees few potential upside catalysts and a potential for flattening margins.