Allient initiated with a Neutral at JPMorgan

JPMorgan analyst Tomohiko Sano initiated coverage of Allient (ALNT) with a Neutral rating and $60 price target reflecting 20% upside potential. The firm says Allient has evolved from a fragmented motion component supplier into a vertically integrated engineering platform combining motion, controls, and power technologies. With the stock up 120% year-to-date, JPMorgan views the current risk/reward profile as balanced.