Morgan Stanley Downgrades GLOBALFOUNDRIES to Equal-Weight, Lowers Price Target to $43
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley has downgraded GLOBALFOUNDRIES from Overweight to Equal-Weight and reduced its price target from $53 to $43.
October 28, 2024 | 11:49 am
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Morgan Stanley has downgraded GLOBALFOUNDRIES from Overweight to Equal-Weight and reduced its price target from $53 to $43.
The downgrade from Overweight to Equal-Weight by Morgan Stanley suggests a less optimistic view on GLOBALFOUNDRIES' stock performance. Additionally, the lowered price target from $53 to $43 indicates a potential decrease in expected future value, which could negatively impact the stock price in the short term.
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IMPORTANCE 80
RELEVANCE 100