Citi lowered the firm’s price target on Allison Transmission (ALSN) to $120 from $130 and keeps a Neutral rating on the shares. The firm also placed the shares on a “30-day positive catalyst watch.” Citi sees the likelihood of better than expected guidance for 2025 given an improved outlook for North America class 8 straight truck builds and Allison’s pricing guidance for 2025.
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