HSBC lowered the firm’s price target on GlobalFoundries to $64 from $65 and keeps a Hold rating on the shares. The company reported a moderate Q2 gross margin beat and guided to a slower Q3, the analyst tells investors in a research note.
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Read More on GFS:
- GlobalFoundries price target lowered to $70 from $75 at BofA
- GlobalFoundries price target lowered to $70 from $77 at Citi
- GlobalFoundries Reports Second Quarter 2023 Financial Results
- GlobalFoundries sees Q3 adjusted EPS 46c-54c, consensus 52c
- GlobalFoundries reports Q2 adjusted EPS 53c, consensus 49c
