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UPDATE: Morgan Stanley Upgrades Allison Transmission As Cash Is King

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In a report published Wednesday, Morgan Stanley analyst Nicole DeBlase upgraded the rating on Allison Transmission Holdings Inc. (NYSE: ALSN) from Equal-Weight to Overweight, and raised the price target from $34.00 to $38.00.

In the report, Morgan Stanley noted, "In our view, investors will find ALSN's strong FCF generation profile and position in the cycle increasingly attractive, resulting in a higher P/FCF multiple vs. peers. We see attractive 20% upside to our new $38 price target; as such, we upgrade to Overweight."

Allison Transmission closed on Tuesday at $31.74.

Latest Ratings for ALSN

DateFirmActionFromTo
Feb 2022Credit SuisseDowngradesOutperformNeutral
Feb 2022Morgan StanleyMaintainsUnderweight
Dec 2021Morgan StanleyDowngradesEqual-WeightUnderweight

View More Analyst Ratings for ALSN

View the Latest Analyst Ratings

 

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Posted-In: Morgan Stanley Nicole DeblaseAnalyst Color Upgrades Analyst Ratings

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