Wells Fargo analyst Joseph O’Dea lowered the firm’s price target on Allegion (ALLE) to $175 from $185 in sympathy with relative valuation compression, while keeping an Equal Weight rating on the shares. Through its 2026 earnings bridge work, the firm expects an initial guidance range of positive 2.5%-4.5% for organic growth and $8.65-$8.85 for EPS. Organic growth drives about 70% of the high-single-digit EPS growth, Wells adds.
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