Jefferies assumed coverage of Allegro MicroSystems with a Buy rating and $37 price target. The analyst assumed coverage of a number of U.S. semiconductor stocks with a bullish long-term view into a strong upcycle with duration, citing a belief that the group is “still early in the cycle” and that this one is likely stronger with AI.
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- Allegro MicroSystems price target lowered to $32 from $35 at TD Cowen
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