Why Allison Transmission Stock Popped on Monday
11 times earnings doesn't sound too expensive for Allison -- but just wait.Shares of truck transmission manufacturer Allison Transmission (ALSN +2.87%) jumped 3.3% through 1:15 p.m. ET Monday -- and you can thank Wall Street analyst Raymond James for that.RJ just upgraded Allison to "strong buy" with a $110 price target. RJ hearts AllisonRaymond James cited Allison's pending acquisition of Dana Incorporated's (DAN +0.91%) off-highway business for its upgrade, as TheFly.com reports.In June, Allison entered i ...