Wells Fargo analyst Joe O'Dea maintains $Allegion (ALLE.US)$ with a hold rating, and adjusts the target price from $152 to $140.
According to TipRanks data, the analyst has a success rate of 62.3% and a total average return of 10.0% over the past year.
Furthermore, according to the comprehensive report, the opinions of $Allegion (ALLE.US)$'s main analysts recently are as follows:
While non-residential building suppliers like Allegion do not bring exposure to Industrial mega-trends, the group has already experienced cycle pressure and valuation compression.
Initial 2025 guidance in the space is anticipated to lead to negative revisions in consensus estimates. The recent strength of the dollar is identified as a significant factor contributing to this outlook, with expectations that currency pressures are widely recognized. Thus, any initial guidance figures falling below consensus may not be surprising.
Note:
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Success rate is the number of the analyst's successful ratings, divided by his/her total number of ratings over the past year. A successful rating is one based on if TipRanks' virtual portfolio earned a positive return from the stock. Total average return is the average rate of return that the TipRanks' virtual portfolio has earned over the past year. These portfolios are established based on the analyst's preliminary rating and are adjusted according to the changes in the rating.
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