Form 144/A GLOBALFOUNDRIES Inc. Filed by: Reeder David
FREE Breaking News Alerts from StreetInsider.com!
StreetInsider.com Top Tickers, 8/19/2026
- Tech selloff weighs down Wall Street as bond yields climb
- Baidu slips as Q2 results miss estimates despite growth in AI cloud business
- Nvidia or Sandisk? BofA reveals which stock is under-owned and which is crowded
- Home Depot beats estimates, reaffirms fiscal 2026 guidance
- Citi says positioning risk is shifting from short squeezes to profit-taking
- Tech selloff weighs down Wall Street as bond yields climb
- Francisco Partners to acquire Weave Communications for $650M
- Nvidia or Sandisk? BofA reveals which stock is under-owned and which is crowded
- Lowe's Cos. (LOW) Tops Q2 EPS by 17c, Misses on Revenue; Offers Fy27 Guidance
- Goldman Sachs to acquire real estate company LCN for up to $410M
JPMorgan Downgrades GlobalFoundries Inc. (GFS) to Neutral, 'Deeper Cycle Bottom, Customer And Competitor Challenges Not Comprehended In Market Expectations'
February 5, 2024 5:07 AM ESTJPMorgan analyst Harlan Sur downgraded GlobalFoundries Inc. (NASDAQ: GFS) from Overweight to Neutral with a price target of $56.00 (from $65.00).
The analyst comments "We are downgrading GFS to Neutral with a $56 price target as specialty/mature node foundry manufacturing activity (utilizations) in a broad set of markets continues to decline, potentially lagging semiconductor industry recovery trends by 1-2 quarters and is not adequately reflected in current consensus CY24 expectations (before today, our CY24 revenue/EPS... More
