Morgan Stanley Maintains Overweight on GLOBALFOUNDRIES, Raises Price Target to $63
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley analyst Joseph Moore has maintained an Overweight rating on GLOBALFOUNDRIES (NASDAQ:GFS) and increased the price target from $62 to $63.
May 08, 2024 | 3:45 pm
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Morgan Stanley has reaffirmed its Overweight rating on GLOBALFOUNDRIES and raised its price target from $62 to $63.
The increase in price target by a reputable analyst like Joseph Moore from Morgan Stanley suggests a positive outlook on GLOBALFOUNDRIES' stock. This endorsement is likely to instill confidence among investors, potentially driving the stock price up in the short term.
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IMPORTANCE 90
RELEVANCE 100