UBS Initiates Coverage On Allegro Microsystems with Buy Rating, Announces Price Target of $33
Portfolio Pulse from Benzinga Newsdesk
UBS has initiated coverage on Allegro Microsystems with a Buy rating and set a price target of $33.
September 03, 2024 | 12:41 pm
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POSITIVE IMPACT
UBS has initiated coverage on Allegro Microsystems with a Buy rating and a price target of $33, indicating a positive outlook for the stock.
The initiation of coverage with a Buy rating and a specific price target by a major financial institution like UBS is likely to positively influence investor sentiment and potentially drive the stock price up in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100