Barclays Reaffirms Their Hold Rating on Allegion (ALLE)
Barclays analyst Julian Mitchell maintained a Hold rating on Allegion today and set a price target of $187.00.
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Mitchell covers the Industrials sector, focusing on stocks such as GE Vernova Inc., Honeywell International, and Regal Rexnord. According to TipRanks, Mitchell has an average return of 12.4% and a 61.32% success rate on recommended stocks.
In a report released on November 7, Wells Fargo also maintained a Hold rating on the stock with a $185.00 price target.
Based on Allegion’s latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $1.07 billion and a net profit of $188.4 million. In comparison, last year the company earned a revenue of $967.1 million and had a net profit of $174.2 million
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