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Allegro MicroSystems price target raised to $30 from $23 at Barclays

Barclays analyst Tom O’Malley raised the firm’s price target on Allegro MicroSystems (ALGM) to $30 from $23 and keeps an Overweight rating on the shares. The company’s results came in modestly better than estimates with industrial driving the upside, the analyst tells investors in a research note.

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