Allegion price target raised to $119 from $115 at Wells Fargo

Wells Fargo analyst Joseph O’Dea raised the firm’s price target on Allegion to $119 from $115 and keeps an Overweight rating on the shares. Allegion is a viable acquirer of Carrier’s security business, in the firm’s view. Such a move could transform the door hardware landscape, from silos of expertise to scaled solutions, Wells adds.