Oppenheimer identified Matson (MATX) American Eagle (AEO), and Jack Henry (JKHY) as its new triple play of stocks that, according to the firm, benefit from positive earnings revisions and attractive technical profiles. The firm keeps Outperform ratings on all three stocks. It deleted Allison Transmission (ALSN), KKR (KKR) and Cognizant (CTSH) from its Triple Play list.

Allison Transmission partnered with SANY, a global heavy equipment manufacturer for the mining and construction markets, to integrate the Allison 4970 Specialty Series transmission into SANY's STC5000 500-ton all-terrain crane. These new cranes will be in operation in remote areas of China including the desert and mountain terrain. "Our off-highway vehicles require a powerful transmission designed to meet the challenge of navigating difficult terrain," said Du Jian, R&D Director of Crane Chassis, SANY. "We selected the Allison 4970 SP due to its proven ability to increase vehicle productivity and maneuverability." In addition to SANY's STC5000 crane, Allison is also the propulsion solution provider for the company's SAC600E 60-ton crane.

Baird raised the firm's price target on Jack Henry to $186 from $180 and keeps a Neutral rating on the shares. The firm expects revenue/EPS to be mildly above Street estimates and F2024 guidance likely mildly raised. They are balanced about the shares but warming a bit, as margin expansion has been emerging, and could set up for rising estimates.