On Oct 30, major Wall Street analysts update their ratings for $Allison Transmission (ALSN.US)$, with price targets ranging from $77 to $115.
Morgan Stanley analyst Angel Castillo maintains with a hold rating, and maintains the target price at $103.
BofA Securities analyst Sherif El-Sabbahy maintains with a sell rating, and adjusts the target price from $56 to $77.
Baird analyst Luke Junk maintains with a hold rating, and adjusts the target price from $90 to $108.
Oppenheimer analyst Ian Zaffino maintains with a buy rating, and adjusts the target price from $90 to $115.
Furthermore, according to the comprehensive report, the opinions of $Allison Transmission (ALSN.US)$'s main analysts recently are as follows:
The third quarter for Allison Transmission was noted as 'another beat and raise', leading to an increase of approximately 1% in the top-line estimate for 2024 and a 3% rise in the projected adjusted EBITDA for the same year, following the company's quarterly report. Allison is recognized as gaining from the prolonged demand in the vocational truck sector, which is demonstrating greater resilience and justifies a higher valuation multiple. However, there remain apprehensions regarding the company's margin progression from one cycle to the next.
Allison Transmission's third-quarter performance surpassed expectations, bolstered by vigorous demand in both North American and International On-Highway, as well as the Defense sectors. This robust quarter led to an increased forecast for FY24, reflecting confidence in the ongoing strength in the North American On-Highway market.
The firm has expressed continued approval of the near-term fundamentals, and their overall sentiment has become more positive following the third-quarter results, which surpassed the high expectations set for the company.
Here are the latest investment ratings and price targets for $Allison Transmission (ALSN.US)$ from 4 analysts:
Note:
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