UPDATE: Canaccord Genuity Upgrades AMD (AMD) to Buy
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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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(Updated - July 11, 2013 8:51 AM EDT)
Canaccord Genuity upgraded AMD (NYSE: AMD) from Hold to Buy with a price target of $5.00 (from $3.00). Analyst Bobby Burleson thinks AMD's embedded business ramp will accelerate.
"We are upgrading shares of AMD to BUY from Hold ahead of what we expect to be strong performance versus PC-centric names as the company ramps its embedded business and begins to transition away from a near-exclusive reliance on PC demand. Specifically, we believe the embedded opportunity could drive momentum in Q3 as game consoles where AMD supplies custom silicon begin their production
ramp ahead of the holiday shopping season," said Burleson.
For an analyst ratings summary and ratings history on AMD (NYSE: AMD) click here. For more ratings news on AMD click here.
Shares of AMD closed at $3.98 yesterday.
Canaccord Genuity upgraded AMD (NYSE: AMD) from Hold to Buy with a price target of $5.00 (from $3.00). Analyst Bobby Burleson thinks AMD's embedded business ramp will accelerate.
"We are upgrading shares of AMD to BUY from Hold ahead of what we expect to be strong performance versus PC-centric names as the company ramps its embedded business and begins to transition away from a near-exclusive reliance on PC demand. Specifically, we believe the embedded opportunity could drive momentum in Q3 as game consoles where AMD supplies custom silicon begin their production
ramp ahead of the holiday shopping season," said Burleson.
For an analyst ratings summary and ratings history on AMD (NYSE: AMD) click here. For more ratings news on AMD click here.
Shares of AMD closed at $3.98 yesterday.
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