Wells Fargo Maintains Equal-Weight on Allegion, Raises Price Target to $152
Portfolio Pulse from Benzinga Newsdesk
Wells Fargo analyst Joseph O'Dea has maintained an Equal-Weight rating on Allegion (NYSE:ALLE) while raising the price target from $137 to $152.
October 07, 2024 | 8:08 pm
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Wells Fargo has maintained its Equal-Weight rating on Allegion but increased the price target from $137 to $152, indicating a positive outlook.
The increase in price target from $137 to $152 by Wells Fargo suggests a positive outlook for Allegion, which could lead to a short-term increase in stock price. The maintained Equal-Weight rating indicates a balanced view, but the raised target shows confidence in potential growth.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100