Stifel Upgrades Allison Transmission (ALSN) to Buy

Stifel upgraded Allison Transmission (NYSE: ALSN) from Hold to Buy with a price target of $50.00 (from $44.00).

Analyst Mike Baudendistel continues to believes the company is a "solid holding" noting electrification-related obsolescence fears are largely overblown and likes the favorable cyclical positioning relative to peers given minimal exposure to over-the-road Class 8 trucks. Following the recent pullback the analyst believes the current valuation offers an attractive entry point.

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 $40.38 yesterday.

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