Freedom Broker sets new price targets for Allison Transmission and Alcoa

Freedom Broker has issued new analyst reports for two industrial companies, setting updated price targets for Allison Transmission and Alcoa.

For Allison Transmission, Freedom Broker initiated coverage with a ‘buy’ rating and a price target of $144.00. The firm cited the company’s strong position in the commercial vehicle, bus, and defense sectors, as well as its stable aftermarket and service business. In the second quarter of 2026, Allison Transmission reported revenue of $1.57 billion, supported by $706 million from its newly integrated off-highway segment.

Regarding Alcoa, Freedom Broker raised its price target from $64.00 to $76.00 while maintaining a buy recommendation. Alcoa reported record second-quarter 2026 revenue of $3.966 billion and a net profit of $407 million. The company is currently managing financial pressure related to a planned $3.1 billion cash acquisition of South32 assets, which it intends to fund through existing liquidity and a $2.6 billion bond placement. Alcoa is expected to release its third-quarter results on October 15, 2026.