In a report published Wednesday, Morgan Stanley analyst Nicole DeBlase upgraded the rating on Allison Transmission Holdings Inc. ALSN from Equal-Weight to Overweight, and raised the price target from $34.00 to $38.00.
In the report, Morgan Stanley noted, "In our view, investors will find ALSN's strong FCF generation profile and position in the cycle increasingly attractive, resulting in a higher P/FCF multiple vs. peers. We see attractive 20% upside to our new $38 price target; as such, we upgrade to Overweight."
Allison Transmission closed on Tuesday at $31.74.
Market News and Data brought to you by Benzinga APIs© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Loading...
Benzinga simplifies the market for smarter investing
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
Join Now: Free!
Already a member?Sign in