Wells Fargo Maintains Overweight on Allegion, Raises Price Target to $139
Portfolio Pulse from Benzinga Newsdesk
Wells Fargo analyst Joseph O'Dea has maintained an Overweight rating on Allegion (NYSE:ALLE) and increased the price target from $119 to $139, indicating a positive outlook on the company's stock.
December 19, 2023 | 1:36 pm
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Wells Fargo analyst Joseph O'Dea reaffirmed an Overweight rating on Allegion and raised the price target from $119 to $139, suggesting confidence in the company's future performance.
The increase in price target by a reputable analyst typically signals a strong conviction in the company's growth prospects and financial health. This can lead to increased investor confidence and a potential rise in the stock price in the short term.
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