Mizuho raises PT on Allegion after Q1 result beat

Allegion

25/04/2025 15:39

** Mizuho raises lock maker Allegion PLC's ALLE.N price target to $138 from $130 after Q1 earnings beat estimates

** The new price target shows a 1% downside to the stock's last close

** Says optimistic about co's tariff mitigation action and future clarity

** Brokerage reiterated "neutral" rating on the co's shares

** Mizuho raised co's 2025 EPS forecast to $7.70/share from $7.60/share

** ALLE announced Q1 results on Thursday

** 4 of 12 brokerages rate the stock "buy", 6 "hold" and 2 "sell"; their median PT is $140.50

** As of last close, stock has risen 5.4%, compared with a 7.2% decline in the S&P 500 Building Products (Industry) index .SPLRCBUI

(Reporting by Apratim Sarkar)

((Apratim.Sarkar@thomsonreuters.com))