Goldman Sachs Starts Allison Transmission (ALSN) at Neutral
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Price: $116.94 -4.26%
Rating Summary:
6 Buy, 15 Hold, 5 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 0 | Down: 0 | New: 0
Rating Summary:
6 Buy, 15 Hold, 5 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 0 | Down: 0 | New: 0
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Goldman Sachs initiates coverage on Allison Transmission (NYSE: ALSN) with a Neutral. PT $25.00.
The firm calls ALSN "an intriguing value story with a dominant market position, sustainable, best-in-class margins, priced at a 13% free cash flow yield." That said, they see a mixed cyclical outlook as North America trucker returns and capex are now at mid-cycle and lead times have contracted. Also military vehicle demand is in the early stages of a sharp multi-year downturn and the the US pressure pumping industry faces near-term over-supply.
For an analyst ratings summary and ratings history on Allison Transmission click here. For more ratings news on Allison Transmission click here.
Shares of Allison Transmission closed at $21.90 yesterday.
The firm calls ALSN "an intriguing value story with a dominant market position, sustainable, best-in-class margins, priced at a 13% free cash flow yield." That said, they see a mixed cyclical outlook as North America trucker returns and capex are now at mid-cycle and lead times have contracted. Also military vehicle demand is in the early stages of a sharp multi-year downturn and the the US pressure pumping industry faces near-term over-supply.
For an analyst ratings summary and ratings history on Allison Transmission click here. For more ratings news on Allison Transmission click here.
Shares of Allison Transmission closed at $21.90 yesterday.
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