GLOBALFOUNDRIES ( NASDAQ:GFS – Get Rating ) had its price target reduced by Wedbush from $80.00 to $72.00 in a research note released on Wednesday, The Fly reports. They currently have an outperform rating on the stock. A number of other research analysts have also recently issued reports on GFS. Needham & Company LLC boosted their price objective on shares of GLOBALFOUNDRIES from $72.00 to $80.00 and gave the company a buy rating in a report on Wednesday, February 15th. HSBC lifted their price target on shares of GLOBALFOUNDRIES from $55.

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