JPMorgan downgrades Allient stock rating on valuation concerns
JPMorgan downgraded Allient Inc. (ALNT) to Neutral, citing a 90% rally since May and high valuation. The firm maintained a $120 price target, noting EV/EBITDA multiples. Allient reported strong Q2 results, beating earnings and revenue estimates. The company's record orders and gross margin were highlighted.


