JP Morgan Maintains Overweight on GLOBALFOUNDRIES, Lowers Price Target to $65
Portfolio Pulse from Benzinga Newsdesk
JP Morgan analyst Harlan Sur has maintained an Overweight rating on GLOBALFOUNDRIES (NASDAQ:GFS) but lowered the price target from $75 to $65.
November 08, 2023 | 8:24 pm
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JP Morgan has maintained an Overweight rating on GLOBALFOUNDRIES but lowered the price target from $75 to $65.
The news is directly related to GLOBALFOUNDRIES and is likely to influence investor sentiment. While the Overweight rating suggests that JP Morgan expects the stock to outperform, the lowering of the price target may create some uncertainty among investors, potentially impacting the stock's short-term performance.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100