Allison Transmission price target raised to $115 from $110 at Raymond James

Raymond James raised the firm’s price target on Allison Transmission (ALSN) to $115 from $110 and keeps a Strong Buy rating on the shares. The firm’s check-in with U.S. truck dealers suggests that while the near-term tone cautious, reflective of an extended freight recession, there was a “notable change in sentiment” regarding the second half of 2026. Raymond James now sees “glimmers of hope” for an eventual truckload rate recovery. There are “encouraging” signs that suggest a bottoming process for the truckload segment could be in the offing, the analyst tells investors in a research note. It cites increased confidence in a faster on-highway market recovery for the target boost.