Allient initiated with a Buy at Lake Street

Lake Street initiated coverage of Allient (ALNT) with a Buy rating and $79 price target Allient has evolved from a fragmented motion component supplier into a vertically integrated engineering platform, says the analyst, who sees the company presenting “a solid margin recovery and cash generation story” following its strategic portfolio reset in 2023. The firm believes revenue will accelerate this year and next, margins will continue to expand, and EPS will grow 25% in 2026 and 17% in 2027, the analyst added.