Piper Sandler analyst Harsh Kumar upgraded AMD to Overweight from Neutral with a price target of $56, up from $45. The stock closed Monday up 4% to $47.46. The recent pullback in the shares due to the coronavirus provides an attractive opportunity for long-term investors, Kumar tells investors in a research note. The analyst sees AMD' product set as "extremely well positioned" to gain share over the next several years. From a product standpoint, AMD is well positioned in its laptop/desktop and data center markets, which have several tailwinds to provide "significant growth" over the next several years, says Kumar.