Susquehanna Maintains Positive on GLOBALFOUNDRIES, Lowers Price Target to $82
Portfolio Pulse from richadhand@benzinga.com
Susquehanna analyst Mehdi Hosseini has maintained a positive rating on GLOBALFOUNDRIES (NASDAQ:GFS) but lowered the price target from $84 to $82.

August 04, 2023 | 4:50 pm
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Susquehanna analyst has maintained a positive rating on GLOBALFOUNDRIES but lowered the price target from $84 to $82.
While the positive rating maintained by Susquehanna indicates confidence in the company's performance, the lowering of the price target could potentially indicate a slightly less optimistic outlook for the company's stock in the short term. However, the impact on the stock price is likely to be neutral in the short term as the reduction in the price target is relatively small.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100