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Fly News Breaks for February 20, 2020
Feb 20, 2020 | 04:51 EDT
Wells Fargo analyst Aaron Rakers downgraded AMD to Equal Weight from Overweight with a $64 price target.
News For AMD From the Last 2 Days
May 17, 2022 | 12:43 EDT
Get caught up quickly on the top news and calls moving stocks with these five Top Five lists.  1... To see the rest of the story go to See Story Here
May 17, 2022 | 04:44 EDT
Piper Sandler analyst Harsh Kumar upgraded AMD to Overweight from Neutral with a price target of $140, up from $98. The analyst is using the recent share weakness "to get constructive on the name again," saying his downgrade thesis of a slowing PC market and the lack of near-term accretion from Xilinx "doesn't appear to be playing out as expected." AMD's mid-to-long-term catalysts remain intact amid strong server trends, strong semi-custom trends, commercial PC growth offsetting consumer PC exposure, and Xilinx being impactful to growth, Kumar tells investors in a research note. The analyst adds that the company has an upcoming catalyst in its investor day in early June. "Buy good companies when they are down," writes Kumar.