TD Cowen lowered the firm’s price target on Allegro MicroSystems to $32 from $35 and keeps a Buy rating on the shares. The firm said its material guide-down was surprising after prior optimism that June quarter soft-guidance had de-risked the model.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on ALGM:
- Allegro MicroSystems sees Q1 EPS 1c-3c, consensus 17c
- Allegro MicroSystems reports Q4 EPS 25c, consensus 21c
- GHSP Leverages Allegro MicroSystems’ Technology to Shift the Future of Electric Vehicles with the Introduction of New eVibe System
- Allegro MicroSystems to Announce Fourth Quarter and Fiscal Year 2024 Financial Results
- Allegro MicroSystems initiated with an Outperform at Evercore ISI
