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   <title>Assa Abloy earnings preview: U.S. residential slowdown weighs on outlook, says Barclays</title>
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   <description>&lt;p&gt;Barclays said it expects Assa Abloy’s third-quarter results to reflect “incremental U.S. resi weakness, non-resi resilience and signs of Entrance Systems recovery,” as the firm cut its earnings estimates and price target on the Swedish lockmaker.&lt;/p&gt;&lt;p&gt;“Signals out of the U.S. residential market suggest sequential deterioration,” Barclays analyst George Featherstone wrote in a preview note, citing weakness in housing starts and commentary from adjacent HVAC companies. &lt;/p&gt;&lt;p&gt;The bank added that this “makes for a more challenging quarter for the Americas division.”&lt;/p&gt;&lt;p&gt;While U.S. residential markets remain under pressure, Barclays said that “U.S. non-resi [is expected] to continue a resilient trend which supports</description>
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   <description>&lt;p&gt;Barclays said it expects Assa Abloy’s third-quarter results to reflect “incremental U.S. resi weakness, non-resi resilience and signs of Entrance Systems recovery,” as the firm cut its earnings estimates and price target on the Swedish lockmaker.&lt;/p&gt;&lt;p&gt;“Signals out of the U.S. residential market suggest sequential deterioration,” Barclays analyst George Featherstone wrote in a preview note, citing weakness in housing starts and commentary from adjacent HVAC companies. &lt;/p&gt;&lt;p&gt;The bank added that this “makes for a more challenging quarter for the Americas division.”&lt;/p&gt;&lt;p&gt;While U.S. residential markets remain under pressure, Barclays said that “U.S. non-resi [is expected] to continue a resilient trend which supports</description>
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