B of A Securities Maintains Neutral on GLOBALFOUNDRIES, Lowers Price Target to $55
Portfolio Pulse from Benzinga Newsdesk
B of A Securities analyst Vivek Arya maintains a Neutral rating on GLOBALFOUNDRIES (NASDAQ:GFS) and lowers the price target from $62 to $55.
April 16, 2024 | 4:08 pm
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NEGATIVE IMPACT
B of A Securities maintains a Neutral rating on GLOBALFOUNDRIES and lowers the price target from $62 to $55.
The reduction in price target by B of A Securities suggests a less optimistic outlook on the stock's future performance, potentially leading to a short-term negative impact on its price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100