Canaccord Genuity Maintains a 'Buy' on AMD (AMD); Cutting PT and Estimates; No One Immune From PC Weakness

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Canaccord Genuity maintains a 'Buy' on AMD (NYSE: AMD) price target lowered to $7.00.

Analyst, Bobby Burleson, said, "We lower our estimates and price target following AMD's pre-announcement while retaining a BUY rating based on the new product roadmap and share gain potential. We believe weak PC demand has been broadly expected by investors based on soft builds for ODMs and motherboards, and commentary on weak consumer PC demand by PC OEMs."

For an analyst ratings summary and ratings history on AMD click here. For more ratings news on AMD click here.

Shares of AMD closed at $5.62 yesterday, with a 52 week range of $4.31-$8.35.

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