GLOBALFOUNDRIES (GFS) Tops Q3 EPS by 7c

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GlobalFoundries Inc. (GFS) PT Raised to $76 at Jefferies

November 9, 2022 8:08 AM EST

Jefferies analyst Mark Lipacis raised the price target on GlobalFoundries Inc. (NASDAQ: GFS) to $76.00 (from $64.00) while maintaining a Buy rating.

The analyst commented, "We reiterate our Buy rating post GFS 3Q22 earnings call, where it beat 3Q EPS by 7% but noted some... More