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Fly News Breaks for July 17, 2019
ALSN
Jul 17, 2019 | 07:23 EDT
Morgan Stanley analyst Courtney Yakavonis initiated coverage of Allison Transmission with an Equal Weight rating and $50 price target, calling it a "good company...at a vulnerable point in the cycle." She believes cyclical headwinds in Allison's key markets will pressure sales growth through 2020, the analyst said, adding that margins are at risk due to the combination of deleverage and increased R&D spending related to electric vehicle investments.
News For ALSN From the Last 2 Days
ALSN
Apr 26, 2024 | 06:53 EDT
ALSN
Apr 25, 2024 | 16:20 EDT
"We are reaffirming our full year 2024 guidance provided to the market on February 13. Allison expects 2024 Net Sales in the range of $3,050 to $3,150 million, Net Income in the range of $635 to $685 million, Adjusted EBITDA in the range of $1,070 to $1,130 million, Net Cash Provided by Operating Activities in the range of $700 to $760 million, Capital Expenditures in the range of $125 to $135 million, and Adjusted Free Cash Flow in the range of $575 to $625 million."
