Citi lowered the firm’s price target on Allison Transmission (ALSN) to $95 from $108 and keeps a Neutral rating on the shares as part of a Q1 earnings preview for U.S. machinery. The firm reduced estimates across the board given the view that the U.S. capex outlook is most at risk from Trump administration’s tariffs. Citi anticipates the Trump administration’s tariffs to negatively impact U.S. farmers’ exports and profits, likely extending the agriculture downcycle in North America.
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- Allison Transmission price target lowered to $108 from $115 at Citi
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