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AMD -7.8% premarket amid early reaction to analyst day

Published 05/17/2017, 09:28 AM
© Reuters.  AMD -7.8% premarket amid early reaction to analyst day
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AMD
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  • Advanced Micro Devices (NASDAQ:AMD) is 7.8% lower premarket as first reactions to its analyst day start to roll out.
  • The stock was cut to Hold at Loop Capital, which joins about a dozen other firms in the Hold zone.
  • Meanwhile, Phillip Securities has initiated coverage of AMD at Buy, with a price target of $14.50, implying 13.7% upside.
  • And Rosenblatt reiterated its Buy rating, noting the star of the show was the Epyc server CPU roadmap, which analyst Hans Mosesmann notes should disrupt the standard 2-socket data center infrastructure (mainly by virtue of beating Intel (NASDAQ:INTC) configurations with just one socket). His price target is $20.
  • Now read: AMD's EPYC Server Processor


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