Baird raised the firm’s price target on Allison Transmission to $90 from $87 and keeps a Neutral rating on the shares. The firm said they reported 2Q24 results that were strong overall, beating across the board, and raised full-year guidance. Baird sees continued trading tailwinds for the stock near term given potential upside to 2H expectations, but seeks a better grasp of 2025 cyclical risk/reward to better calibrate further upside potential following recent strength.
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