Jefferies Assumes Allegro Microsystems at Buy, Announces Price Target of $37
Portfolio Pulse from Benzinga Newsdesk
Jefferies analyst Blayne Curtis has initiated coverage on Allegro Microsystems (NASDAQ:ALGM) with a Buy rating and a price target of $37.
May 13, 2024 | 1:01 pm
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Jefferies has initiated coverage on Allegro Microsystems with a Buy rating and a price target of $37, indicating a positive outlook on the stock.
Analyst ratings, especially from reputable firms like Jefferies, can significantly influence investor sentiment and stock prices in the short term. A Buy rating combined with a price target that suggests upside potential is likely to be viewed positively by the market.
CONFIDENCE 95
IMPORTANCE 90
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