Upgrades Hold Buy X

GFS GlobalFoundries

Needham

$50

Initiated Neutral X

GFS GlobalFoundries

UBS

$47

Downgrades Overweight Eq-Weight X

GFS GlobalFoundries

Morgan Stanley

$53 $43

Reiterated Buy X

GFS GlobalFoundries

TD Cowen

$65 $55

Initiated Buy X

GFS GlobalFoundries

Jefferies

$67 $62

Initiated Outperform X

GFS GlobalFoundries

Evercore ISI

$71

Downgrades Overweight Neutral X

GFS GlobalFoundries

Cantor Fitzgerald

$70 $55

Downgrades Positive Neutral X

GFS GlobalFoundries

Susquehanna

$48

Downgrades Buy Neutral X

GFS GlobalFoundries

Citigroup

$70 $56

Downgrades Overweight Neutral X

GFS GlobalFoundries

JP Morgan

$65 $56

Initiated Overweight X

GFS GlobalFoundries

Cantor Fitzgerald

$70

Downgrades Buy Neutral X

GFS GlobalFoundries

BofA Securities

$70 $65

Resumed Hold X

GFS GlobalFoundries

Needham

Initiated Outperform X

GFS GlobalFoundries

Wolfe Research

$80

Reiterated Outperform X

GFS GlobalFoundries

TD Cowen

$80 $70

Reiterated Outperform X

GFS GlobalFoundries

Wedbush

$80 $72

Reiterated Buy X

GFS GlobalFoundries

Citigroup

$67 $77

Reiterated Outperform X

GFS GlobalFoundries

Cowen

$75 $80

Reiterated Outperform X

GFS GlobalFoundries

Credit Suisse

$78 $85

Reiterated Hold X

GFS GlobalFoundries

HSBC Securities

$55 $65

Reiterated Buy X

GFS GlobalFoundries

Loop Capital

$70 $80

Reiterated Buy X

GFS GlobalFoundries

Needham

$72 $80

Reiterated Positive X

GFS GlobalFoundries

Susquehanna

$76 $84

Initiated Buy X

GFS GlobalFoundries

Loop Capital

$70

Resumed Outperform X

GFS GlobalFoundries

Credit Suisse

$78

GFS  GLOBALFOUNDRIES Inc.

GLOBALFOUNDRIES Inc. operates as a semiconductor foundry worldwide. It manufactures integrated circuits, which enable various electronic devices that are pervasive. The company manufactures a range of semiconductor devices, including microprocessors, mobile application processors, baseband processors, network processors, radio frequency modems, microcontrollers, power management units, and microelectromechanical systems, as well as offers mainstream wafer fabrication services and technologies. The company was founded in 2009 and is based in Malta, New York.