UPDATE: Bank of America Upgrades Allison Transmission on Great Cash Flow, Improving Liquidity
December 16, 2013 at 10:19 AM EST
In a report published Monday, Bank of America analyst Ross Gilardi upgraded the rating on Allison Transmission Holdings (NYSE: ALSN) from Neutral to Buy, and raised the price target from $27.00 to $32.00. In the report, Bank of America noted, “We view ALSN as a strong industrial company with a robust