AMD (AMD) is Still a Compelling Buy - Jefferies

Jefferies reiterated a Buy rating and raised its price target on AMD (NYSE: AMD) from $4 to $5 saying "despite the two-day, 20% move, we think at 0.7x (vs group median of 2.2-3.0x), AMD is still compelling."

"We hosted client meetings with AMD's CFO over the last two days, and left thinking the Street was not giving credit to AMD's gaming solutions, nor to AMD's potential to win back share in both notebooks and discrete graphics," analyst Mark Lipacis said.

The firm raised FY 2013 EPS from ($0.22) to ($0.20) and FY 2014 $0.10 to $0.12.

For an analyst ratings summary and ratings history on AMD click here. For more ratings news on AMD click here.

Shares of AMD closed at $3.22 yesterday.

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