Allegion price target raised to $128 from $126 at Barclays

Barclays analyst Julian Mitchell raised the firm’s price target on Allegion (ALLE) to $128 from $126 and keeps an Underweight rating on the shares. The firm says that while non-residential remains one of its least preferred end markets, Allegion “seems in much better shape” to handle cost pressures than it was just after Covid.