Nomura Securities maintains a 'Neutral' on AMD (AMD); Lowering PT & Estimates on Q3 Pre-announcement
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Price: $154.02 -5.78%
Rating Summary:
48 Buy, 13 Hold, 2 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 11 | Down: 13 | New: 18
Rating Summary:
48 Buy, 13 Hold, 2 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 11 | Down: 13 | New: 18
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Nomura Securities maintains a 'Neutral' on AMD (NYSE: AMD) price target cut from $7.00 to $5.00.
Nomura analyst, Romit Shah, said, "We believe AMD had a tremendous opportunity to gain revenue share in notebooks this year. However, a lack of component supply has been a major impediment to growth, as evidenced by yesterday’s negative pre-announcement, and will likely not be resolved in the near term. We believe AMD will have to cut ASPs meaningfully next year to sustain market share. Our 2011E EPS goes to $0.42 from $0.60 and 2012E goes to $0.50 from $0.65."
For more ratings news on AMD click here and for the rating history of AMD click here.
Shares of AMD closed at $6.15 yesterday.
Nomura analyst, Romit Shah, said, "We believe AMD had a tremendous opportunity to gain revenue share in notebooks this year. However, a lack of component supply has been a major impediment to growth, as evidenced by yesterday’s negative pre-announcement, and will likely not be resolved in the near term. We believe AMD will have to cut ASPs meaningfully next year to sustain market share. Our 2011E EPS goes to $0.42 from $0.60 and 2012E goes to $0.50 from $0.65."
For more ratings news on AMD click here and for the rating history of AMD click here.
Shares of AMD closed at $6.15 yesterday.
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