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Fly News Breaks for July 26, 2017
AMD
Jul 26, 2017 | 08:35 EDT
As noted earlier, BMO Capital downgraded AMD to Market Perform from Outperform. Analyst Ambrish Srivastava says that the stock reflects "a lot of continued favorable news and earnings power" which he does not expect to occur. The analyst does not expect the company to generate "meaningful earnings." He notes that the company's Q2 revenue came in above his expectations, but adds that its share count also surpassed his estimate. Target $15.
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