Stock Track | Allison Transmission Soars 5.15% Intraday on Multiple Analyst Price Target Increases

Stock Track

Feb 24

Allison Transmission Holdings (ALSN) saw its stock price soar 5.15% during intraday trading on Tuesday, driven by a wave of analyst optimism.

The significant price movement follows multiple investment firms raising their price targets on the company. Oppenheimer increased its target to $135 from $115 while maintaining an Outperform rating, Raymond James raised its target to $140 from $115, and JP Morgan lifted its target to $130 from $115. Additionally, Bofa Global Research raised its price objective to $95 from $92.

These analyst actions, which were announced in pre-market and early trading hours, reflect growing confidence in Allison Transmission's prospects and contributed to the strong investor buying interest during the session.

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Oppenheimer increased its target to $135 from $115 while maintaining an Outperform rating, Raymond James raised its target to $140 from $115, and JP Morgan lifted its target to $130 from $115. 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