Allied Motion upgraded to Outperform from Market Perform at Northland

Northland analyst Ted Jackson upgraded Allied Motion to Outperform from Market Perform with an unchanged price target of $45. Shares have declined roughly 20% since the firm’s downgrade on March 6, which it said had been "purely valuation driven," and the stock has now reached what the firm views as an attractive valuation given its belief that fundamentals "remain solid."