Wells Fargo Maintains Overweight on Allegro Microsystems, Raises Price Target to $60
Portfolio Pulse from Benzinga Newsdesk
Wells Fargo analyst Gary Mobley has maintained an Overweight rating on Allegro Microsystems (NASDAQ:ALGM) and raised the price target from $52 to $60.
July 26, 2023 | 1:21 pm
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Wells Fargo has maintained an Overweight rating on Allegro Microsystems and raised the price target from $52 to $60.
The Overweight rating maintained by Wells Fargo indicates a positive outlook for Allegro Microsystems. The increase in price target from $52 to $60 suggests that the analyst expects the stock to outperform in the short term. This could lead to a positive impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100