Evercore ISI Reiterates Outperform Rating on Allegion (ALLE)

Evercore ISI analyst Alexander Virgo reiterated an Outperform rating and $180.00 price target on Allegion (NYSE: ALLE).

The analyst comments "We review our estimates ahead of Q3 results. ‘26E group sales & adjEBITA/margin largely unchanged. For ’27-‘28E, we remain +2-3% above cons sales/adjEBITA. We think the current inflationary environment means incremental pricing in 2H and think consensus is too low in Americas. End market demand consistent with what we saw in Q2, driving ~5-6% (cons +4-5%) total org growth in 2H + margin expansion. ALLE remains one of the cheapest stocks we cover, particularly given inflecting fundamentals, at a ~15%+ disc to peers vs 5/10yr avgs of ~10% disc / near parity. Reiterate OP rating, $180 PT."

For an analyst ratings summary and ratings history on Allegion click here. For more ratings news on Allegion click here.

Shares of Allegion closed at $151.36 yesterday.

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