UPDATE: AMD (AMD) Bullish View Reiterated at Jefferies on Zen Potential, Accretive Financing
Get Alerts AMD Hot Sheet
Rating Summary:
46 Buy, 14 Hold, 2 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 0 | Down: 0 | New: 0
Join SI Premium – FREE
(correction: PT was not raised, was maintained a $9)
Jefferies analyst, Mark Lipacis, reiterated his Buy rating and $9 price target on shares of AMD (NASDAQ: AMD) after updating the model to account for the recent debt+equity financing, and increasing 2017 EPS by $0.08. The analyst's checks on AMD's Desktop Zen indicate it will take share and he estimates that Zen (DT+Server+NB) could ultimately be $0.22-to-$0.96 accretive. He thinks there are multiple catalysts over the next 9 months.
The analyst thinks AMD's new CEO is executing a turnaround and the Street has not accepted this yet.
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 $6.05 yesterday.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Jefferies Upgrades Citizen Watch (7762:JP) to Buy
- Teleperformance (TEP:FP) (TLPFY) PT Lowered to EUR125 at RBC Capital, 'perceived risk profile makes it a no-fly zone for many investors'
- Midday movers: Apple, Intel, United Airlines fall; Micron rises
Create E-mail Alert Related Categories
Analyst Comments, Analyst EPS ViewRelated Entities
Jefferies & CoSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!