Cantor Fitzgerald Maintains Neutral on GLOBALFOUNDRIES, Lowers Price Target to $40
Portfolio Pulse from Benzinga Newsdesk
Cantor Fitzgerald has maintained a Neutral rating on GLOBALFOUNDRIES (NASDAQ:GFS) but has lowered the price target from $55 to $40.
October 08, 2024 | 7:11 pm
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NEGATIVE IMPACT
Cantor Fitzgerald has maintained a Neutral rating on GLOBALFOUNDRIES but reduced the price target from $55 to $40, indicating a less optimistic outlook.
The reduction in price target from $55 to $40 by Cantor Fitzgerald suggests a less optimistic view on GLOBALFOUNDRIES' future performance, which could lead to a negative short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100