Analyst Timothy Thein of Raymond James maintained a Buy rating on Allison Transmission Holdings, boosting the price target to $110.00.
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Timothy Thein has given his Buy rating due to a combination of factors that suggest a positive outlook for Allison Transmission Holdings. Thein believes that the timing is advantageous as the market is poised to anticipate a recovery in global on/off-highway markets. With the impending closure of the Dana off-highway deal, Allison Transmission is expected to enhance its market position and diversify its revenue streams, balancing its exposure between on-highway and off-highway sectors.
Furthermore, the acquisition of Dana’s off-highway business is a strategic move that broadens Allison’s geographic and product reach. Thein highlights the company’s strong relationships with OEMs and its significant scale as key advantages in the competitive landscape. The anticipated closure of the Dana transaction, which has received all necessary regulatory approvals, supports a raised price target, reflecting the expected increase in cash flow potential and market appreciation of Allison’s business strategy.
In another report released on December 7, TR | OpenAI – 4o also upgraded the stock to a Buy with a $105.00 price target.