Globalfoundries is trading at $48.10, down 4.13%, after BNP Paribas Exane downgraded it from Outperform to Neutral and cut its target from $80 to $51.
- The analyst cited Smart Mobile headwinds and said growth in newer, higher-margin applications may take longer.
- The report said broad-market weakness was too modest to explain the decline; no same-direction major index move exceeded 0.5%.
- No separate company announcement was identified for October 5; Investing.com marked the article AI-supported and editor-reviewed.