Susquehanna Downgrades GLOBALFOUNDRIES to Neutral
Portfolio Pulse from Benzinga Newsdesk
Susquehanna analyst Mehdi Hosseini has downgraded GLOBALFOUNDRIES (NASDAQ:GFS) from Positive to Neutral, indicating a change in the firm's outlook on the stock.

March 05, 2024 | 12:49 pm
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NEGATIVE IMPACT
GLOBALFOUNDRIES downgraded from Positive to Neutral by Susquehanna analyst Mehdi Hosseini.
Analyst downgrades typically lead to a negative short-term impact on the stock price as they suggest a less favorable outlook on the company's future performance. Given that this downgrade comes from a reputable analyst at Susquehanna, it's likely to influence investor sentiment and potentially lead to a decrease in stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100