UPDATE: Goldman Sachs Raises PT on Allison Transmission Holdings from $19 to $20

Goldman Sachs reiterated a Neutral rating on Allison Transmission Holdings ALSN and increased its price target from $19 to $20. Goldman Sachs wrote, “We remain Neutral rated, as we are constructive on ALSN's dominant market position and sustainable, best-in-class margins balanced by a mixed cyclical outlook for North America truck demand and visible multi- year downturn in military vehicle demand.” Allison Transmission Holdings closed at $18.81 on Tuesday.