Stifel analyst Michael Baudendistel acknowledges that electric powertrains will take share over the coming years and that Allison Transmission's addressable market is likely to shrink. However, he feels electrification obsolescence fears are largely overblown and is more cautious than some on the timeline of widespread adoption. He thinks the investor worry provides an opportunity for value-oriented investors, adding that he believes Allison's cash generation is enough to support the shares even if he is wrong. The analyst, who sees upside to $61 per share if electric adoption comes slowly and downside to $38 if adoption is far quicker than he expects, keeps a Buy rating and $50 price target on Allison shares.