Allegion falls after Barclays downgrades to 'underweight'

Allegion

04/06/2024 15:48

**  Lock-maker Allegion's shares  ALLE.N  fall 1.7% at
$118.44
    ** Barclays lowers rating to "underweight" from
"equal-weight", citing slower recovery in end-markets
    ** Cuts PT to $116 from $122, a 3.7% downside to stock's
last close
    ** Four brokerages rate stock "buy", five "hold" and two
"sell"; their median PT is $141.00 - LSEG
    ** Stock had fallen 6.5% YTD

 (Reporting by Aatreyee Dasgupta)
 ((Aatreyee.Dasgupta@thomsonreuters.com))