Allient's Industrial Market Is Improving, Analyst Upgrades Stock Citing Expected Bottom-Line Growth

Northland Capital Markets analyst Ted Jackson upgraded Allient Inc. ALNT from Market Perform to Outperform and raised the price forecast from $30 to $35.The analyst notes the industrial market is improving and expects the negative impact from a weaker vehicle market to lessen as FY25 progresses.These trends enhance the confidence in the sales projections, and an improving margin structure driven by ongoing restructuring further strengthens the outlook for bottom-line growth, adds the analyst.The analyst is ...