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Lumentum upgraded to Overweight by Barclays; Allegro, Penguin receive downgrades

Stocks & Finance
Lumentum upgraded to Overweight by Barclays; Allegro, Penguin receive downgrades

Equipment in server room

Lumentum (LITE) was upgraded to Overweight from Equal Weight by Barclays due in part to its expanding gross margins and recent share price pullback, which has created a more approachable valuation.

Conversely, Barclays downgraded Allegro MicroSystems (ALGM) to Equal


Source: Seeking Alpha — This article was automatically imported from the source. Read full article at original source →

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