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BofA Securities Starts GlobalFoundries Inc. (GFS) at Buy

November 22, 2021 7:40 AM EST

BofA Securities analyst Vivek Arya initiates coverage on GlobalFoundries Inc. (NASDAQ: GFS) with a Buy rating and a price target of $88.00.

The analyst comments "We initiate coverage on Malta, NY-based GlobalFoundries (ticker: GFS) with a Buy rating and $88 PO, implying 40% upside potential, based on compelling... More