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Allegro MicroSystems has launched a new suite of power and sensing products designed to improve energy efficiency and power density in 800V AI data centers.
Morgan Stanley has initiated coverage on Allegro MicroSystems with an 'Overweight' rating and a price target of $52, citing strong automotive business recovery and data center growth.
Wells Fargo analyst Joseph Quatrochi maintains Allegro Microsystems (NASDAQ:ALGM) with a Overweight and lowers the price target from $56 to $45.