Raymond James lowered the firm’s price target on Allison Transmission (ALSN) to $110 from $115 and keeps an Outperform rating on the shares. The firm says that for the second time in a month, it is lowering 2025 estimates for its truck-levered names. This comes on the back of recent estimate revisions for most TL/LTL names by Raymond James’ Transport team colleagues, as the recovery continues to get pushed out despite a freight recession nearing three years of age.
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