Barclays Maintains Equal-Weight on Allegion, Raises Price Target to $122
Portfolio Pulse from Benzinga Newsdesk
Barclays analyst Julian Mitchell has maintained an Equal-Weight rating on Allegion (ALLE) and increased the price target from $121 to $122.

April 02, 2024 | 6:20 pm
News sentiment analysis
Sort by:
Ascending
POSITIVE IMPACT
Barclays has maintained an Equal-Weight rating on Allegion and raised the price target from $121 to $122.
The increase in price target by Barclays, while maintaining an Equal-Weight rating, suggests a slight positive adjustment in the valuation of Allegion. This could be interpreted as a modestly positive signal by the market, potentially leading to a short-term positive impact on ALLE's stock price. The decision by a reputable analyst to adjust the price target upwards, even by a small margin, can be seen as a vote of confidence in the company's steady growth prospects.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 90