FBR Capital Upgrades AMD (AMD) to Outperform; Switching Out of Intel (INTC)
Tweet
Share
E-mailGet Alerts AMD Hot Sheet
Price: $514.39 +6.50%
Rating Summary:
53 Buy, 16 Hold, 2 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
Rating Summary:
53 Buy, 16 Hold, 2 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
Join SI Premium – FREE
FBR Capital upgraded AMD (NYSE: AMD) from Market Perform to Outperform. PT $12.
FBR analyst says, "We are switching out of Intel (Nasdaq: INTC) (downgraded to MP) and into AMD following checks that suggest AMD should gain both desktop and notebook processor market share in 2H11 at HP and Acer. Further, we previously said we like AMD closer to $7, and shares have mostly retraced there. While we are not "negative" on INTC at $22, shares have herculean difficulties breaking out above $24, and after a period of outperformance in a down tape, it seems appropriate to overweight AMD while shares are depressed ahead of possible 2H11 Fusion goodness. Post-Computex discussions suggest AMD’s Fusion APUs are priced 10%– 15% below Intel’s Sandy Bridge, and that AMD’s better DX11 graphics are a selling point versus Intel’s DX10 graphics."
For more ratings news on AMD click here and for the rating history of AMD click here.
Shares of AMD closed at $7.50 yesterday.
FBR analyst says, "We are switching out of Intel (Nasdaq: INTC) (downgraded to MP) and into AMD following checks that suggest AMD should gain both desktop and notebook processor market share in 2H11 at HP and Acer. Further, we previously said we like AMD closer to $7, and shares have mostly retraced there. While we are not "negative" on INTC at $22, shares have herculean difficulties breaking out above $24, and after a period of outperformance in a down tape, it seems appropriate to overweight AMD while shares are depressed ahead of possible 2H11 Fusion goodness. Post-Computex discussions suggest AMD’s Fusion APUs are priced 10%– 15% below Intel’s Sandy Bridge, and that AMD’s better DX11 graphics are a selling point versus Intel’s DX10 graphics."
For more ratings news on AMD click here and for the rating history of AMD click here.
Shares of AMD closed at $7.50 yesterday.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- New Street Research Upgrades Micron Technology (MU) to Buy
- Canaccord Upgrades HLS Therapeutics (HLS:CN) (HLTRF) to Buy
- Wells Fargo Upgrades FOX Corp. (FOXA) to Overweight
Create E-mail Alert Related Categories
Hot Upgrades, UpgradesSign 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!
