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Fly News Breaks for July 26, 2017
AMD
Jul 26, 2017 | 07:04 EDT
Citi analyst Christopher Danely reiterates a Sell rating on AMD following the company's Q2 results while raising his price target for the shares to $5 from $4. The company reported strong Q2 results and provided higher Q3 guidance due to share gains, Danely tells investors in a research note. However, the valuation is near an all-time high despite the company losing money as it remains confined to low end, low margin products, the analyst adds.
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