Barclays analyst Julian Mitchell raised the firm’s price target on Allegion to $127 from $118 and keeps an Overweight rating on the shares. The analyst continues to have a neutral view on U.S. multi-industry stocks into 2023, although he says he’s more optimistic than many investors. Mitchell favors stocks exposed to U.S. residential construction, companies offering value from portfolio change and beneficiaries of easing supply chains.
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Published first on TheFly