- Loop Capital analyst Scott Graham initiated coverage on Altra Industrial Motion Corp AIMC with a Buy rating and a price target of $58, implying an upside of 44%.
- Graham thinks management's sales and margin enhancement strategies will steer solid earnings growth in the next several quarters and a modest sales acceleration in Q2 of 2023 through 2024.
- The analyst believes the shares as undervalued based on the current levels.
- Price Action: AIMC shares are trading lower by 0.91% at $40.24 on the last check Friday.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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