GlobalFoundries, UMC stocks down as Morgan Stanley downgrades on pricing woes
FREE Breaking News Alerts from StreetInsider.com!
StreetInsider.com Top Tickers, 9/3/2026
- Wall St ends higher as stocks reclaim some shine
- Broadcom raises AI chip forecast as Big Tech keeps writing bigger checks
- Snowflake soars 20% on earnings beat and raised guidance
- Oil settles 1% higher, as US-Iran strikes threaten supplies
- Could Appleās foldable iPhone be a $14B opportunity? Morgan Stanley weighs in
United Microelectronics Corp (2303:TT) (UMC) PT Lowered to NT$56 at BofA Securities
October 30, 2024 12:01 PM EDTBofA Securities analyst Brad Lin lowered the price target on United Microelectronics Corp (2303:TT) (NYSE: UMC) to NT$56.00 (from NT$60.00) while maintaining a Buy rating.
The analyst comments "We trim our PO to NT$56 from NT$60 and 2024-26E estimates by... More
JPMorgan Downgrades United Microelectronics Corp (2303:TT) (UMC) to Neutral
October 30, 2024 12:01 PM EDTJPMorgan analyst Gokul Hariharan downgraded United Microelectronics Corp (2303:TT) (NYSE: UMC) from Overweight to Neutral with a price target of NT$44.00 (from NT$62.00).
The analyst comments "We downgrade UMC to Neutral with a Jun-25 PT of NT$44, as the cyclical recovery in semis is getting pushed... More

