Allegion price target raised to $121 from $119 at Barclays

Barclays raised the firm’s price target on Allegion to $121 from $119 and keeps an Equal Weight rating on the shares post the Q4 report. While investors are likely to stay concerned about the company’s sales outlook into 2025, Allegion is continuing to pull earnings levers around margin expansion and capital deployment, the analyst tells investors in a research note.