B of A Securities Initiates Coverage On Allegro Microsystems with Neutral Rating, Announces Price Target of $36
Portfolio Pulse from Benzinga Newsdesk
B of A Securities has initiated coverage on Allegro Microsystems (NASDAQ:ALGM) with a Neutral rating and a price target of $36.
September 29, 2023 | 3:36 pm
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NEUTRAL IMPACT
Allegro Microsystems has been given a Neutral rating by B of A Securities with a price target of $36.
The neutral rating suggests that B of A Securities expects Allegro Microsystems' stock to perform in line with the market or sector average. The price target of $36 indicates the level at which the analyst believes the stock will trade in the near term. This could influence investor sentiment and potentially impact the stock's price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100