JP Morgan Maintains Neutral on Allison Transmission, Raises Price Target to $100
Portfolio Pulse from Benzinga Newsdesk
JP Morgan analyst Tami Zakaria maintains a Neutral rating on Allison Transmission (NYSE:ALSN) but raises the price target from $80 to $100.
October 11, 2024 | 1:18 pm
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JP Morgan has maintained a Neutral rating on Allison Transmission but increased the price target from $80 to $100, indicating a positive outlook despite the neutral stance.
The increase in price target from $80 to $100 suggests a positive outlook for Allison Transmission, even though the Neutral rating remains unchanged. This could lead to a short-term positive impact on the stock price as investors may interpret the higher price target as a sign of potential growth.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100