TD Cowen Maintains Buy on GLOBALFOUNDRIES, Lowers Price Target to $55
Portfolio Pulse from Benzinga Newsdesk
TD Cowen analyst Krish Sankar maintains a Buy rating on GLOBALFOUNDRIES (NASDAQ:GFS) but lowers the price target from $65 to $55.
August 07, 2024 | 9:28 pm
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TD Cowen analyst Krish Sankar maintains a Buy rating on GLOBALFOUNDRIES but lowers the price target from $65 to $55.
The Buy rating suggests continued confidence in GLOBALFOUNDRIES' long-term prospects, but the lowered price target indicates some short-term concerns or adjustments in valuation. This mixed signal is likely to result in a neutral short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100