Barclays Maintains Underweight on Allegion, Raises Price Target to $135
Portfolio Pulse from Benzinga Newsdesk
Barclays analyst Julian Mitchell maintains an Underweight rating on Allegion (NYSE:ALLE) but raises the price target from $117 to $135.
October 02, 2024 | 5:42 pm
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Barclays analyst Julian Mitchell maintains an Underweight rating on Allegion but raises the price target from $117 to $135, indicating a more positive outlook despite the Underweight rating.
The Underweight rating suggests a cautious stance, but the increased price target indicates a more optimistic view on Allegion's potential. This mixed signal may lead to neutral short-term price movement as investors weigh the implications.
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