BofA analyst Rafe Jadrosich lowered the firm’s price target on Allegion (ALLE) to $157 from $185 and keeps a Neutral rating on the shares. The firm expects Q1 earnings at the low-end of guidance for most building product manufacturers and distributors and lowers its 2026 and 2027 EPS forecasts for the building products companies under coverage by 4% and 3%, respectively, the analyst tells investors in an earnings preview for the group.
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Read More on ALLE:
- Allegion Expands Share Repurchase Authorization by $500 Million
- Allegion initiated with an Outperform at Evercore ISI
- Allegion price target lowered to $187 from $200 at Goldman Sachs
- Allegion price target lowered to $155 from $175 at Wells Fargo
- Allegion price target lowered to $165 from $176 at Barclays