Citigroup Maintains Neutral on Allison Transmission, Raises Price Target to $109
Portfolio Pulse from Benzinga Newsdesk
Citigroup analyst Kyle Menges maintains a Neutral rating on Allison Transmission (NYSE:ALSN) but raises the price target from $97 to $109.
October 09, 2024 | 9:28 pm
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Citigroup analyst Kyle Menges maintains a Neutral rating on Allison Transmission but raises the price target from $97 to $109, indicating a positive outlook.
The increase in price target from $97 to $109 by Citigroup suggests a positive outlook for Allison Transmission, which could lead to a short-term price increase. However, the Neutral rating indicates that the analyst does not see a strong buy opportunity, balancing the impact.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100