Allient price target raised to $69 from $56 at Roth Capital

Roth Capital analyst Gerry Sweeney raised the firm’s price target on Allient (ALNT) to $69 from $56 and keeps a Buy rating on the shares. The company’s Q4 surpassed estimates in a seasonally slower quarter, which likely pulled a modest amount of revenue from Q1, and several tailwinds in electrification, power quality, and industrial automation continue to drive top line opportunities, the analyst tells investors in a research note.