TD Cowen lowered the firm’s price target on GlobalFoundries (GFS) to $50 from $55 and keeps a Buy rating on the shares. The firm noted they guided the March 2025 quarter to a seasonal decline following an in-line December quarter.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on GFS:
- GlobalFoundries price target raised to $42 from $40 at Morgan Stanley
- GlobalFoundries upgraded to Buy at Needham on improving outlook
- GlobalFoundries upgraded to Buy from Hold at Needham
- GlobalFoundries Inc.: Balancing Cautious Near-Term Outlook with Promising Long-Term Growth Prospects
- GlobalFoundries Reports 2024 Financial Results and Strategic Initiatives
Questions or Comments about the article? Write to editor@tipranks.com