** Mizuho raises lock maker Allegion PLC's ALLE.N price target to $138 from $130 after Q1 earnings beat estimates
** The new price target shows a 1% downside to the stock's last close
** Says optimistic about co's tariff mitigation action and future clarity
** Brokerage reiterated "neutral" rating on the co's shares
** Mizuho raised co's 2025 EPS forecast to $7.70/share from $7.60/share
** ALLE announced Q1 results on Thursday
** 4 of 12 brokerages rate the stock "buy", 6 "hold" and 2 "sell"; their median PT is $140.50
** As of last close, stock has risen 5.4%, compared with a 7.2% decline in the S&P 500 Building Products (Industry) index .SPLRCBUI
(Reporting by Apratim Sarkar)
((Apratim.Sarkar@thomsonreuters.com))
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