Allison Transmission shares are trading higher after Raymond James initiated coverage on the stock with an Outperform rating and an $85 price target.
Portfolio Pulse from Benzinga Newsdesk
Allison Transmission shares are trading higher after Raymond James initiated coverage on the stock with an Outperform rating and an $85 price target.
June 28, 2024 | 1:55 pm
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POSITIVE IMPACT
Allison Transmission shares are trading higher following Raymond James' initiation of coverage with an Outperform rating and an $85 price target.
The initiation of coverage by a reputable firm like Raymond James with a positive rating and a high price target is likely to boost investor confidence and drive the stock price higher in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100