Bobby Harvey
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Stifel Shifts Allison Transmission To Buy, Says 2018 Setup Remains Favorable

Some consider Allison Transmission Holdings Inc ALSN at risk of losing clients in the transportation industry’s ostensible shift toward electric powertrains, but others on the Street think the truck supplier’s set to surge ahead.

The Rating

Stifel Nicolaus analyst Michael Baudendistel upgraded Allison Transmission from Hold to Buy and raised the price target from $44 to $50. Source

Some downside still holds, but its better to wait for more signals. 

$ALSN, Allison Transmission Holdings, Inc. / D