UPDATE: Morgan Stanley Upgrades Allison Transmission As Cash Is King
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
Date | Firm | Action | From | To |
---|---|---|---|---|
Feb 2022 | Credit Suisse | Downgrades | Outperform | Neutral |
Feb 2022 | Morgan Stanley | Maintains | Underweight | |
Dec 2021 | Morgan Stanley | Downgrades | Equal-Weight | Underweight |
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Posted-In: Morgan Stanley Nicole DeblaseAnalyst Color Upgrades Analyst Ratings