Morgan Stanley Reiterates Equal-Weight on Allegion, Maintains $120 Price Target
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley analyst Joshua Pokrzywinski has reiterated an Equal-Weight rating on Allegion (NYSE:ALLE) and maintained a $120 price target.

July 12, 2023 | 12:56 pm
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Morgan Stanley has reiterated an Equal-Weight rating on Allegion and maintained a $120 price target.
The news is directly about Allegion and its rating by Morgan Stanley. The Equal-Weight rating suggests that the analyst believes the stock is fairly valued at its current price, indicating a neutral short-term impact. The maintained price target also suggests no significant changes in the company's valuation.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100