6. Allison Transmission Holdings, Inc. (NYSE:ALSN)
According to a report released on March 16, Morgan Stanley analyst Angel Castillo reaffirmed a Hold rating on Allison Transmission Holdings, Inc. (NYSE:ALSN) while increasing the firm’s price target on the shares. Angel Castillo raised the firm’s price target on the stock from $109 to $117. The stock has already achieved the firm’s assigned price target and is currently trading slightly above the price target of $117.
Earlier, on MARCH 10, Allison Transmission Holdings, Inc. (NYSE:ALSN) announced the expansion of its partnership with Daimler Truck North America LLC (DTNA) to add two new automatic transmission options for the Freightliner M2 106 Plus truck. The Allison 3414 Regional Haul Series transmission, paired with the Cummins X10 diesel engine, is expected to start production in January 2027. Moreover, the Allison 9-Speed transmission, paired with the Cummins B6.7 Octane gasoline engine, will start production in July 2026.
These new options are designed to improve efficiency, performance, and flexibility for customers. The 3414 RHS helps improve handling, acceleration, and overall efficiency in heavy-duty use, while the Allison 9-Speed transmission offers smooth shifting and better fuel savings for fleets.
Rohan Barua, Vice President, North America Sales, Global Channel and Aftermarket, said:
The expansion of our partnership with DTNA underscores a shared commitment to delivering powertrain solutions that best address our customers’ needs. By integrating our 3414 RHS and 9-speed transmissions into the Freightliner M2 106 Plus platform, we are providing purpose-built technology designed to enhance productivity, efficiency and long-term value.
Allison Transmission Holdings, Inc. (NYSE: ALSN) designs and manufactures automatic transmissions and hybrid propulsion systems for commercial and military vehicles. The company produces buses, trucks, construction equipment, and defense vehicles across global markets. It serves customers such as vehicle manufacturers, fleet operators, and government or defense organizations. It was founded in 1915 and is based in Indiana, United States.
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