Allegro MicroSystems Reports Second Quarter 2025 Results
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Allegro MicroSystems (ALGM) PT Lowered to $30 at Jefferies
October 31, 2024 4:12 PM EDTJefferies analyst Blayne Curtis lowered the price target on Allegro MicroSystems (NASDAQ: ALGM) to $30.00 (from $32.00) while maintaining a Buy rating.
The analyst comments "Guide was materially lower (-7% Q/Q vs. St. +9%) due to further inventory corrections in NA/Europe Auto, which... More
