Alliance Laundry initiated with an Outperform at Baird

Baird initiated coverage of Alliance Laundry (ALH) with an Outperform rating and $31 price target The firm says the company is a a pure-play, global leader in manufacturing commercial laundry systems. Alliance Laundry offers a “best-in-class” financial profile, including over a decade of 7% organic annual revenue growth, the analyst tells investors in a research note. Baird sees the company’s “attractive” long-term earnings power driving a $40-$45 stock price over time.