Allison Transmission shares are trading higher after the company reported better-than-expected Q3 financial results and raised its FY24 revenue guidance. Baird and Oppenheimer raised their respective price targets on the stock.
Portfolio Pulse from Benzinga Newsdesk
Allison Transmission shares rose following strong Q3 results and an increase in FY24 revenue guidance. Baird and Oppenheimer also raised their price targets for the stock.
October 30, 2024 | 4:07 pm
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POSITIVE IMPACT
Allison Transmission's stock is trading higher due to better-than-expected Q3 financial results and an upward revision of FY24 revenue guidance. Additionally, Baird and Oppenheimer have raised their price targets for the stock.
The positive Q3 results and increased FY24 revenue guidance are strong indicators of the company's performance, likely boosting investor confidence. The raised price targets by Baird and Oppenheimer further support a positive outlook, contributing to the stock's upward movement.
CONFIDENCE 100
IMPORTANCE 90
RELEVANCE 100