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JPMorgan Downgrades Allegion to Neutral From Overweight, Adjusts PT to $150 From $170

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Allegion (ALLE) has an average rating of overweight and mean price target of $167.36, according to analysts polled by FactSet.

(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www..com/contact-us)

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Research Alert: CFRA Keeps Sell Opinion On Shares Of Helmerich & Payne Inc.

CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:Our 12-month target price of $22, raised $3, reflects a 4.8x multiple of enterprise value to projected FY 27 (Sep.) EBITDA, about in line with HP's historical forward average. We now see a FY 26 loss per share of $0.28 vs. prior EPS estimate of $0.12. For FY 27, we keep our EPS estimate unchanged at $0.85. We believe our below-consensus view on earnings power in both FY26 and FY27 speaks to a more tepid pace of recovery in North America, where pricing pressure is still evident. We also note that the International land rig business likely depends, to a significant degree, on how quickly the Middle East recovers from the disruption imposed by the war with Iran. We think E&P customers are not likely to aggressively pursue land drilling expansion plans beyond current budgets (at least not in CY 26). We note that E&Ps also divert a considerable portion of operating cash flow to other areas, such as buybacks and dividends.

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