Positive Outlook for Allison Transmission Holdings Amid Strategic Acquisition and Market Recovery
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Analyst Timothy Thein of Raymond James maintains a Buy rating on Allison Transmission Holdings, raising the price target to $110. The positive outlook is due to strategic acquisitions and market recovery, particularly the Dana off-highway deal, enhancing market position and diversifying revenue streams. The acquisition broadens Allison's geographic and product reach, with strong OEM relationships and scale as competitive advantages. Another report also upgraded the stock to a Buy with a $105 target.
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