Morgan Stanley Maintains Overweight on GLOBALFOUNDRIES, Lowers Price Target to $68
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley analyst Joseph Moore has maintained an Overweight rating on GLOBALFOUNDRIES (NASDAQ:GFS), but lowered the price target from $73 to $68.
November 08, 2023 | 9:21 pm
News sentiment analysis
Sort by:
Descending
NEUTRAL IMPACT
Morgan Stanley has maintained an Overweight rating on GLOBALFOUNDRIES, but lowered the price target from $73 to $68.
The news is directly related to GLOBALFOUNDRIES. While the Overweight rating is maintained, indicating a positive outlook, the lowering of the price target might create some uncertainty among investors, potentially impacting the stock's short-term performance.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100