Evercore ISI Group Initiates Coverage On GLOBALFOUNDRIES with Outperform Rating, Announces Price Target of $71
Portfolio Pulse from Benzinga Newsdesk
Evercore ISI Group has initiated coverage on GLOBALFOUNDRIES (NASDAQ:GFS) with an Outperform rating and set a price target of $71.
April 16, 2024 | 9:27 am
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Evercore ISI Group initiated coverage on GLOBALFOUNDRIES with an Outperform rating and a price target of $71, indicating a positive outlook.
The initiation of coverage by Evercore ISI Group with an Outperform rating and a high price target suggests a strong bullish sentiment towards GLOBALFOUNDRIES. This is likely to positively influence investor perception and potentially drive the stock price up in the short term, given the credibility of Evercore ISI Group in the market.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100