Gleacher & Co. Maintains a 'Buy' on AMD (AMD); Navigating Treacherous Markets Well: Still Seeking a Captain
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Price: $4.04 +0.75%
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!
Gleacher & Co. maintains a 'Buy' on AMD (NYSE: AMD) price target of $12.00.
Gleacher analyst says, "We believe AMD continues to actively compete in graphics through more widespread content plays: integrated APUs, discrete graphics and gaming systems. While it is broadly exposed to changing dynamics in discrete graphics demand and tiering vs. NVIDIA (Nasdaq: NVDA), AMD (NYSE: AMD) is also responsible for conversion of discrete demand to APU as APU performance ramps."
"2012 estimates going materially higher: Post solid results and guidance we are revising our 2012 revenue and EPS higher to $7.43bil and $1.03 (vs. prior $7.21bil and $0.88 and the Street's $7.11bil and $0.74) given the magnitude of higher incremental fall-through. In fact, we believe our $1.03 could prove to be a low-bar."
For more ratings news on AMD click here and for the rating history of AMD click here.
Shares of AMD closed at $6.50 yesterday, with a 52 week range of $5.53-$9.58.
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Gleacher analyst says, "We believe AMD continues to actively compete in graphics through more widespread content plays: integrated APUs, discrete graphics and gaming systems. While it is broadly exposed to changing dynamics in discrete graphics demand and tiering vs. NVIDIA (Nasdaq: NVDA), AMD (NYSE: AMD) is also responsible for conversion of discrete demand to APU as APU performance ramps."
"2012 estimates going materially higher: Post solid results and guidance we are revising our 2012 revenue and EPS higher to $7.43bil and $1.03 (vs. prior $7.21bil and $0.88 and the Street's $7.11bil and $0.74) given the magnitude of higher incremental fall-through. In fact, we believe our $1.03 could prove to be a low-bar."
For more ratings news on AMD click here and for the rating history of AMD click here.
Shares of AMD closed at $6.50 yesterday, with a 52 week range of $5.53-$9.58.
Join StreetInsider.com FREE and get immediately alerted when news breaks on your stocks and other market items - JOIN NOW
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