Advanced Micro Devices (AMD) Announces Restructuring Plan; Will Cut ~5% of Workforce
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Jefferies Maintains Bullish View on AMD (AMD) Amid Restructuring Plan
October 2, 2015 7:22 AM EDTJefferies analyst Mark Lipacis reiterated a Buy rating and $3.50 price target on AMD (NASDAQ: AMD) after the company announced it would augment its recent restructuring plan, which they estimate could be $0.06/$0.08 accretive to C2015/C2016 EPS. For 3Q15, AMD previously provided sales... More
