Jefferies Starts AMD (AMD) at Hold

July 19, 2011 7:45 AM EDT
Get Alerts AMD Hot Sheet
Price: $457.06 --0%

Rating Summary:
    53 Buy, 16 Hold, 2 Sell

Rating Trend: = Flat

Today's Overall Ratings:
    Up: 3 | Down: 12 | New: 22
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Jefferies initiates coverage on AMD (NYSE: AMD) with a Hold rating and $7.50 price target, suggesting 17% upside.

The firm cited: "1) Server strength and Llano ramp and 2) Softness in Consumer PC."

Key risk include GPU loss to NVIDIA (NASDAQ: NVDA), consumer PC demand decelerates.

For more ratings news on AMD click here and for the rating history of AMD click here.

Shares of AMD closed at $6.18 yesterday.


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