Bofa Maintains a Neutral Rating on Allegion Plc (alle)

Allegion plc (NYSE:ALLE) is one of the Best Industrial Stocks. On April 29, 2026, BofA 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

Allegion plc (NYSE:ALLE) is one of the Best Industrial Stocks.

On April 29, 2026, BofA 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.

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