Morgan Stanley raised the firm’s price target on Allison Transmission (ALSN) to $112 from $110 and keeps an Equal Weight rating on the shares. The firm upgraded its Machinery industry view to Attractive as it expects 2025 to “offer clarity on key equipment cycles, warranting higher beta.” Machinery equipment cycles may be approaching a trough, the analyst tells investors. Morgan Stanley believes improved cycle visibility warrants adding some incremental beta to one’s portfolio. However, with macro and geopolitical uncertainty still abound, risk remains elevated, so the choices for higher beta are names that “represent the more de-risked and attractive fundamental stories” where value can be unlocked in the coming year,” contends Morgan Stanley.
Pick the best stocks and maximize your portfolio:
- Discover top-rated stocks from highly ranked analysts with Analyst Top Stocks!
- Easily identify outperforming stocks and invest smarter with Top Smart Score Stocks
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See Insiders’ Hot Stocks on TipRanks >>
Read More on ALSN:
- Allison Transmission price target raised to $130 from $125 at Citi
- Allison Transmission price target raised to $125 from $115 at Citi
- Allison Transmission price target raised to $82 from $72 at Goldman Sachs
- Allison Transmission price target raised to $115 from $90 at Oppenheimer
- Allison Transmission price target raised to $77 from $67 at BofA
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
