Baird analyst Timothy Wojs raised the firm’s price target on Allegion to $146 from $136 and keeps a Neutral rating on the shares. The firm said they reported relatively in-line Q4 results and 2024E EPS midpoint slightly above Street. Pricing realization and institutional improvement are expected to drive growth in Americas, more than offsetting weaker commercial and residential markets, with the company also returning to more normal cadence of margin improvement.
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