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Fly News Breaks for March 3, 2020
AMD
Mar 3, 2020 | 06:03 EDT
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.
News For AMD From the Last 2 Days
AMD
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 thefly.com. See Story Here
AMD
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.