JPMorgan lowered its price target for Allegion plc (ALLE) to $180 from $190 but maintained an Overweight rating, noting the company’s resilient margin performance despite growth challenges. Allegion reported strong Q4 results with revenue topping $1 billion and adjusted EPS of $1.94, driven by electronics and non-residential segments. The company also provided an optimistic adjusted EPS guidance for 2026, ranging from $8.70 to $8.90, with total revenue growth expected between 5% and 7%.
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JPMorgan Sees Resilient Margins at Allegion plc (ALLE) Despite Growth Headwinds
JPMorgan lowered its price target for Allegion plc (ALLE) to $180 from $190 but maintained an Overweight rating, noting the company’s resilient margin performance despite growth challenges. Allegion reported strong Q4 results with revenue topping $1 billion and adjusted EPS of $1.94, driven by electronics and non-residential segments. The company also provided an optimistic adjusted EPS guidance for 2026, ranging from $8.70 to $8.90, with total revenue growth expected between 5% and 7%.