Alliance Laundry initiated with an Outperform at BMO Capital

BMO Capital analyst Ketan Mamtora initiated coverage of Alliance Laundry (ALH) with an Outperform rating and $30 price target The firm says the company ha a “dominant” market position in the global commercial laundry market. Alliance’s large global installed base drives replacement sales, and aftermarket parts/services creates a “reliable stream” of recurring revenue, the analyst tells investors in a research note.