Needham lowered its price target on GlobalFoundries Inc. (NASDAQ:GFS) to $55 from $80 while maintaining a Buy rating on Thursday. The stock currently trades at $40.34, down 12% over the past week and 45% over the last six months, according to InvestingPro data.
https://www.investing.com/news/analyst-ratings/needham-cuts-globalfoundries-stock-price-target-on-valuation-93CH-5002822
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