Barclays Maintains Overweight on Allegro Microsystems, Lowers Price Target to $25
Portfolio Pulse from Benzinga Newsdesk
Barclays analyst Blayne Curtis maintains an Overweight rating on Allegro Microsystems (NASDAQ:ALGM) but lowers the price target from $32 to $25.
November 01, 2024 | 1:46 pm
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Barclays has maintained its Overweight rating on Allegro Microsystems but reduced the price target from $32 to $25, indicating a more cautious outlook.
The reduction in the price target from $32 to $25 by Barclays suggests a more cautious outlook on Allegro Microsystems' future performance, which could lead to a short-term negative impact on the stock price despite the maintained Overweight rating.
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IMPORTANCE 80
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