Morgan Stanley resumed coverage of Allegro MicroSystems (ALGM) with an Equal Weight rating and $23 price target The firm is “optimistic” that Allegro will outperform the industry over the coming three years, but thinks upside is somewhat priced in given the valuation at which the stock is trading, the analyst tells investors.
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Read More on ALGM:
- Hold Rating for Allegro MicroSystems Amid Declining Automotive Revenue and Competitive Pressures
- Allegro MicroSystems price target raised to $23 from $22 at Barclays
- Allegro MicroSystems Reports Q4 and FY 2025 Results
- Allegro MicroSystems: Buy Rating Affirmed Amidst Technological Innovation and Financial Recovery
- Allegro Microsystems’ Earnings Call: Mixed Signals and Future Prospects
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