Citi Reiterates Buy on Allison Transmission (ALSN)

Citi reiterated a Buy rating and $48.00 price target on Allison Transmission (NYSE: ALSN) after updating end-market assumptions. Citi raised 2018/19 EBITDA estimates. The updated 2018 EBITDA estimate of $950MM assumes 39% margins.

ALSN is yielding close to 11% on Citi's 2018 FCF estimates. This represents a ~600bps premium over the average of a broadly-defined peer set, which has averaged closer to 400 bps since 2014.

For an analyst ratings summary and ratings history on Allison Transmission click here. For more ratings news on Allison Transmission click here.

Shares of Allison Transmission closed at $39.23 yesterday.

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