Evercore ISI Group Maintains Outperform on GLOBALFOUNDRIES, Lowers Price Target to $71
Portfolio Pulse from Benzinga Newsdesk
Evercore ISI Group analyst Mark Lipacis maintains an Outperform rating on GLOBALFOUNDRIES (NASDAQ:GFS) but lowers the price target from $77 to $71.
August 07, 2024 | 2:03 pm
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Evercore ISI Group analyst Mark Lipacis maintains an Outperform rating on GLOBALFOUNDRIES but lowers the price target from $77 to $71.
The Outperform rating suggests a positive outlook, but the lowered price target indicates some caution. This mixed signal is likely to result in a neutral short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100