Alliance Laundry initiated with an Overweight at JPMorgan

JPMorgan initiated coverage of Alliance Laundry (ALH) with an Overweight rating and $31 price target offering 17% potential upside. The firm believes Alliance has a “mission-critical platform,” operating in a “structurally resilient and underappreciated” industrial niche. The company has top market share, high EBITDA margins, and strong replacement revenue exposure, the analyst tells investors in a research note.