Canaccord Genuity Reiterates a 'Buy' on AMD (AMD); Analyst Day Bolsters Our Views
AMD Hot Sheet
Rating Summary:11 Buy, 7 Hold, 4 Sell
Rating Trend:
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Today's Overall Ratings:
Up: 19 | Down: 16 | New: 82
Canaccord Genuity reiterates a 'Buy' on AMD (NYSE: AMD) price target raised from $7 to $9.
Analyst, Bobby Burleson, said, "We remain BUY rated on AMD following our attendance at the company’s analyst day. While nothing at the event appeared to us to be groundbreaking, we left with greater conviction regarding the company’s ability to execute, both for manufacturing (fewer foundry missteps going forward) and design (zealously focusing on growth opportunities). In our view, better execution is likely to deliver on previous expectations of share gains in mainstream notebook and server. We also see more consistent free cash flow generation going forward, allowing for
further improvements to the balance sheet."
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 $6.93 yesterday, with a 52 week range of $4.31-$9.58.
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Analyst, Bobby Burleson, said, "We remain BUY rated on AMD following our attendance at the company’s analyst day. While nothing at the event appeared to us to be groundbreaking, we left with greater conviction regarding the company’s ability to execute, both for manufacturing (fewer foundry missteps going forward) and design (zealously focusing on growth opportunities). In our view, better execution is likely to deliver on previous expectations of share gains in mainstream notebook and server. We also see more consistent free cash flow generation going forward, allowing for
further improvements to the balance sheet."
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 $6.93 yesterday, with a 52 week range of $4.31-$9.58.
Discover Wall Street's best ratings calls with the pros - Ratings Insider Elite. Free Trial!
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