BofA Maintains a Neutral Rating on Allegion plc (ALLE)
Key takeaways
- Bof A Maintains a Neutral Rating on Allegion plc (ALLE) Fatima Gulzar Mon, May 11, 2026 at 9:05 PM GMT+7 2 min read ALLE Allegion plc (NYSE:ALLE) is one of the Best Industrial Stocks.
- On April 29, 2026, Bof A lowered the price target for Allegion plc (NYSE:ALLE) to $150 from $157.
- On April 28, the firm announced its results for the first quarter of 2026.
Bof A Maintains a Neutral Rating on Allegion plc (ALLE) Fatima Gulzar Mon, May 11, 2026 at 9:05 PM GMT+7 2 min read ALLE Allegion plc (NYSE:ALLE) is one of the Best Industrial Stocks.
On April 29, 2026, Bof A lowered the price target for Allegion plc (NYSE:ALLE) to $150 from $157. It retained a Neutral rating on the shares. The firm noted less than expected first-quarter performance and lower sector multiples.
On April 28, the firm announced its results for the first quarter of 2026. Allegion plc (NYSE:ALLE) made $1.03 billion in revenue. It is 9.7% more than the same time last year. Allegion plc (NYSE:ALLE) also had a 2.6% growth in revenue. The company also secured an income of $138.1 million, which is $1.59 per share, and its adjusted earnings per share were $1.80, being 3.2% less than the year before.