Canaccord Genuity Reiterates a 'Buy' on AMD (AMD) on HP Announcement; Now Risk to Intel's Macro View
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Price: $4.05 +1.00%
Rating Summary:
5 Buy, 15 Hold, 5 Sell
Rating Trend:
Down
Today's Overall Ratings:
Up: 11 | Down: 18 | New: 13
Rating Summary:
5 Buy, 15 Hold, 5 Sell
Rating Trend:
Down
Today's Overall Ratings:
Up: 11 | Down: 18 | New: 13
Trade AMD Now!
Canaccord Genuity reiterates a 'Buy' on AMD (NYSE: AMD) price target of $10.00.
Analyst, Bobby Burleson, said, "We reiterate our rating on AMD following HP's (NYSE: HPQ) launch of the Envy Sleekbook, based on AMD's Trinity APU. Prices for Envy Sleekbook start at $599, versus a $749 starting price for Envy Ultrabooks powered by Intel. We note that Ultrabook penetration could be constrained in 2012 due to high price points (Intel (Nasdaq: INTC) saying 40% exiting 2012, we think 25% is optimistic). We believe this announcement and others likely to follow throughout Q2 will keep investor focus on AMD's ASP and share gain opportunities, rather than concerns over PC macro."
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 $6.86 yesterday, with a 52 week range of $4.31-$9.07.
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Analyst, Bobby Burleson, said, "We reiterate our rating on AMD following HP's (NYSE: HPQ) launch of the Envy Sleekbook, based on AMD's Trinity APU. Prices for Envy Sleekbook start at $599, versus a $749 starting price for Envy Ultrabooks powered by Intel. We note that Ultrabook penetration could be constrained in 2012 due to high price points (Intel (Nasdaq: INTC) saying 40% exiting 2012, we think 25% is optimistic). We believe this announcement and others likely to follow throughout Q2 will keep investor focus on AMD's ASP and share gain opportunities, rather than concerns over PC macro."
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 $6.86 yesterday, with a 52 week range of $4.31-$9.07.
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