Wells Fargo analyst Joseph O’Dea says the North America non residential comments from Assa Abloy were encouraging, with “no alarm bells” for Allegion. Assa’s residential softness is mix positive, supporting continued Allegion margin strength, the analyst tells investors in a research note. Wells keeps an Outperform rating on Allegion with a $120 price target.
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Read More on ALLE:
- Allegion downgraded to Hold from Buy at Vertical Research
- Allegion price target lowered to $122 from $132 at Baird
- Allegion price target lowered to $120 from $130 at Wells Fargo
- Allegion downgraded to Neutral from Buy at Longbow
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