Allegro MicroSystems shares are trading higher after TD Cowen maintained its Buy rating on the stock and raised its price target from $55 to $70.

Allegro MicroSystems, Inc.

Allegro MicroSystems, Inc.

ALGM

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Allegro MicroSystems shares are trading higher after TD Cowen maintained its Buy rating on the stock and raised its price target from $55 to $70.