Here's Why Loop Capital Is Bullish On Altra Industrial Motion

Here's Why Loop Capital Is Bullish On Altra Industrial Motion
  • Loop Capital analyst Scott Graham initiated coverage on Altra Industrial Motion Corp AIMC with a Buy rating and a price target of $58, implying an upside of 44%.
  • Graham thinks management's sales and margin enhancement strategies will steer solid earnings growth in the next several quarters and a modest sales acceleration in Q2 of 2023 through 2024.
  • The analyst believes the shares as undervalued based on the current levels.
  • Price Action: AIMC shares are trading lower by 0.91% at $40.24 on the last check Friday.

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