As previously reported, Northland analyst Gus Richard downgraded Intel (INTC) to Underperform from Market Perform after cutting his estimates for calendar year 2019 given his view that trade tensions caused companies to pull in demand to beat the expected increase in tariffs. With a 90 day reprieve to the tariff increase plans, he thinks the channel will rethink inventory levels and likely slow ordering. Additionally, AMD (AMD) has taken share in desktop, notebook and increasingly in the server market as its product offerings continue to improve, Richard noted. He also continues to be more pessimistic about Intel's gross margins as its competitive position is eroding, the analyst added. Richard lowered his price target on Intel shares to $42 from $46.

What has Wall Street been buzzing about this week? Here are the top 5 Bu-y calls and the top 5 Sell calls made by Wall Street’s best analysts during the week of April 15-19. Find all top-rated... To see the rest of the story go to thefly.com. See Story Here

TD Cowen raised the firm's price target on AMD to $200 from $185 and keeps a Buy rating on the shares. The analyst expect data center strength and "well-known softness elsewhere" when AMD reports Q1 results. The firm sees AMD as generating upwards of $10.00 in earnings per share by 2027, or a nearly 40% annual growth off of 2023. TD increased its MI300 2024 revenue estimate to $4.5B from $4B, saying ramps at several customers will continue to happen more quickly than typical. AMD remains one of its top picks.