JMP Cuts AMD (AMD) to Market Underperform, Sets $4.50 Price Target

July 11, 2011 7:55 AM EDT
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Shares of AMD (NYSE: AMD) have tumbled about 2.6 percent in pre-market action Monday morning following a downgrade from an analyst at JMP Securities. After closing last week's session at $6.95, AMD shares last traded around $6.77.

JMP reduced its investment rating from Market Perform to Market Underperform and set a new $4.50 price target.

The firm's new price target implies potential downside of about 34 percent.

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JMP Securities


JPM are jokers
Raja Gee on 2011-07-11 11:17:08
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JPM are jokers. I reay hope they short AMD a this point and get burned.

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