Goldman Sachs raised the firm’s price target on Allison Transmission (ALSN) to $82 from $72 and keeps a Sell rating on the shares after its Q3 earnings beat. The firm is also raising its 2024-26 EBITDA estimates by 2% on average to reflect higher production rates of class 8 straight trucks, with production now at 10,000 units per month vs. a historical range of 2,000 to 12,000, while also citing the slowing demand for electric vehicles, the analyst tells investors in a research note.
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Read More on ALSN:
- Allison Transmission price target raised to $115 from $90 at Oppenheimer
- Allison Transmission price target raised to $77 from $67 at BofA
- Allison Transmission price target raised to $108 from $103 at Baird
- Allison Transmission Reports Record Q3 2024 Results
- Allison raises FY24 revenue view to $3.135B-$3.215B from $3.09B-$3.17B
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