Allegion (ALLE) Shows Operational Rigor Amid Mixed Market Conditions, Says Mizuho

Allegion plc (NYSE:ALLE) ranks among the best-performing European stocks to invest in. On August 27, Mizuho retained its Neutral rating on Allegion plc (NYSE:ALLE) while raising its price target to $170 from $155. The raise comes after Mizuho and Allegion CEO John Stone and VP of Investor Relations Josh Pokrzywinski met in Boston. During those discussions, management consistently delivered a message about end-markets that were characterized as “resilient albeit tough/mixed.”

Mizuho reported that Allegion plc (NYSE:ALLE) has shown increased operational rigor as it manages growth and tariffs while sustaining a constant stream of completed acquisitions.

The firm pointed out that improved deal teams, stronger M&A intent, and a favorable buyers’ market have all contributed to higher deal velocity for the company.

Allegion plc (NYSE:ALLE) is a global security solutions supplier that focuses on locks, door closers, exit devices, electronic access control systems, and steel doors. It operates in more than 120 countries through two divisions: Allegion Americas and Allegion International.

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Disclosure: None. This article is originally published at Insider Monkey.