Allegro MicroSystems shares are trading higher after Mizuho maintained an Outperform rating on the stock and raised its price target from $54 to $67.

Allegro MicroSystems, Inc.

Allegro MicroSystems, Inc.

ALGM

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Allegro MicroSystems shares are trading higher after Mizuho maintained an Outperform rating on the stock and raised its price target from $54 to $67.