In the first half of 2024, Allegion (NYSE:ALLE) faced a slowdown in revenue growth, largely attributed to challenging year-over-year comparisons. The company’s Americas segment had witnessed remarkable double-digit expansion in the previous year, setting a high bar for subsequent performance. Despite a sluggish start to the year, Allegion remains poised for growth.
Note: The author has no financial stake in Allegion or any other company mentioned, and does not plan to initiate any positions within the next 72 hours. This article represents the author’s independent opinions and is not influenced by any compensation or business relationships. Past performance is not indicative of future results, and investors should exercise caution when making investment decisions.
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