Susquehanna analyst Mehdi Hosseini raised the firm’s price target on GlobalFoundries to $84 from $76 and keeps a Positive rating on the shares. The analyst said results were better than feared as the incremental content in Auto end-market was the biggest surprise.
Published first on TheFly
See Insiders’ Hot Stocks on TipRanks >>
Read More on GFS:
- GlobalFoundries price target raised to $77 from $67 at Citi
- GlobalFoundries price target raised to $85 from $78 at Credit Suisse
- GlobalFoundries price target raised to $65 from $55 at HSBC
- Globalfoundries Inc. Reports Earnings: Did it Beat Estimate Forecasts?
- GlobalFoundries price target raised to $75 from $70 at Deutsche Bank
