Allegion price target lowered to $130 from $134 at Barclays

Barclays analyst Julian Mitchell lowered the firm’s price target on Allegion (ALLE) to $130 from $134 and keeps an Underweight rating on the shares following the Q4 report. The firm expects a “subdued” share price reaction, pending further clarity on the company’s net price, productivity, inflation, and investment outlook. Allegion’s price lever is yielding smaller tailwinds now, the analyst tells investors in a research note.