FBR Cuts Price Target on AMD (AMD) to $3.50
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Yesterday, Friedman Billing & Ramsey lowered its price target on Advanced Micro Devices (NYSE: AMD) by 22% from $4.50 to $3.50. The firm kept shares of AMD at a Market Perform rating.
The firm's slashed price target comes just one day after AMD stock set a new 52-week low when its price went as low as $1.62 on Friday. Since hitting the low, AMD has bounced about 14.8% and is currently trading around $1.87, up 0.54% today.
Advanced Micro Devices, Inc., a semiconductor company, provides processing solutions for the computing, graphics, and consumer electronics markets in the United States, Canada, Europe, and Asia.
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AMD
In 3-5 yrs AMD will be at if not past $35. AMD has turned around and is now producing quality chips along with the ATI graphic cards. In Q1 AMD will show profits and the stock will be past $6. Buy now and you'll turn that $2 into $6 in 4-5 mths.
Insiders Buying AMD
Outsiders are welcome as well.. and Warren Buffet -stay out!!
Intel Is Keeping AMD Alive, Anyway.
Intel just cannot get rid of AMD and it has to help AMD survive somehow. AMD stock price may not be all way back to $40 two years ago, but look at AMD at less than $2 now.. This is not a alive stock by any definition... If you dont buy , someone will do it for you... You can play dead but AMD wont..
FBR analysis
David, If you look back a few years at FBR's analysis of AMD you will see that their analysis is worthless. They haven't been right once since the stock hit $ 40.00 and they called it a buy.
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check out their past predictions
FBR-IDIOTS on Nov 26, 2008 04:32 PMthey suck