Allegro Stock Gains After Barclays Upgrade

By EC Assets · Published 18 September 2026

Allegro MicroSystems stock gained following a Barclays upgrade. Barclays cited "plenty of levers to grow well" for the company. Barclays previously turned more selective on U.S. semiconductor stocks before the second-quarter earnings season. It upgraded Lumentum Holdings while downgrading Allegro MicroSystems. Barclays also downgraded Penguin during this period. This article is intended for informational purposes only. It does not constitute investment advice.