Baird analyst Luke Junk raised the firm’s price target on Allison Transmission to $51 from $48 and keeps a Neutral rating on the shares. The analyst said we are moving our overall 2023 estimates to the low end of guidance due to continued recession risk related conservatism. Baird noted there were no electrification updates provided so net, our estimates and price target both gravitate moderately higher, as we acknowledge reasonably solid upside potential but remain on the sidelines for now.
Published first on TheFly
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