Barclays Upgrades Lumentum to Overweight While Downgrading Allegro and Penguin

Barclays upgraded Lumentum due to improved gross margins and a favorable valuation, while downgrading Allegro MicroSystems and Penguin. The moves reflect shifting analyst sentiment toward these companies.

By Brandon Evans, SA News Editor · Seeking Alpha · July 20, 2026, 13:03 UTC

Barclays Upgrades Lumentum to Overweight While Downgrading Allegro and Penguin

Tickers: $ALGM $LITE

Topics: Allegro MicroSystems Barclays Lumentum stock ratings

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