AMD (AMD) PT Raised to $20 at MKM Partners; Remains Sidelined

MKM Partners analyst, Ruben Roy, raised the price target on AMD (NASDAQ: AMD) to $20.00 (from $13.50) while maintaining a Neutral rating as PC and data center end market trends remain strong.

MKM Partners' previous estimates did not reflect the company's new product momentum. Also, Roy expects AMD's announcement this week regarding its intention to move all 7nm products to TSMC to benefit the company's margin structure, longer-term.

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