Morgan Stanley Maintains Overweight on GLOBALFOUNDRIES, Lowers Price Target to $73
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley analyst Joseph Moore maintains an Overweight rating on GLOBALFOUNDRIES (NASDAQ:GFS) but lowers the price target from $80 to $73.

August 09, 2023 | 1:25 pm
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Morgan Stanley maintains an Overweight rating on GLOBALFOUNDRIES but lowers the price target from $80 to $73.
The news is directly related to GLOBALFOUNDRIES. While the Overweight rating is maintained, the lowering of the price target might indicate a slightly less optimistic outlook for the company's stock in the short term. However, the impact on the stock price is uncertain as the rating remains positive.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100