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JPMorgan lowered Allison Transmission's price target, but the company reported earnings above expectations.
JPMorgan Chase & Co. lowered Allison Transmission's price target to $98.00 from $110.00, maintaining a neutral rating.
The stock opened at $88.65 on Friday, with a consensus price target of $98.00 and an average "Hold" rating.
Despite this, Allison Transmission reported a strong quarter, with earnings of $2.01 per share, exceeding the consensus estimate of $1.90.
Analysts predict 9.06 EPS for the year, and the stock has a dividend yield of 1.22%.
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JPMorgan bajó el objetivo de precios de Allison Transmission, pero la compañía reportó ganancias por encima de las expectativas.