Home Newsfeeds Here’s Why Loop Capital Is Bullish On Altra Industrial Motion

Here’s Why Loop Capital Is Bullish On Altra Industrial Motion

Loop Capital analyst Scott Graham initiated coverage on Altra Industrial Motion Corp (NASDAQ:AIMC) with a Buy rating and a price target of $58,…

byAkanksha Bakshi

August 26, 2022

1 minute read

Loop Capital analyst Scott Graham initiated coverage on Altra Industrial Motion Corp (NASDAQ: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.

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