AMD stock falls after Northland Capital downgrade

Northland Capital Markets analyst Gus Richard downgraded shares of Advanced Micro Devices Inc. to market perform from outperform on Thursday. The stock is down 0.8% in premarket trading. “We believe that AMD sentiment is currently in between optimistic and euphoric,” Richard wrote. “While we expect numbers to go up, and the stock to continue to …
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AMD stock gains after Cowen boosts target

MARKET PULSE Shares of Advanced Micro Devices Inc. (amd) are up 1.4% in premarket trading Tuesday after Cowen & Co. analyst Matthew Ramsay raised his price target on the stock to $30 from $25. He sees “a tough setup for the bear thesis” given that the company has either overcome or moved past a number of expected obstacles, including declining cryptocurrency contributions and Nvidia Corp.
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AMD stock falls after Morgan Stanley maintains bearish stance

Shares of Advanced Micro Devices Inc. (amd) are down 1% in Wednesday trading after a pair of cautious notes, including from Morgan Stanley’s Joseph Moore, who kept his underperform rating intact but raised his price target to $11 from $8. “We see graphics as a ~$2.6 bn run rate business in 1q18, facing a potential 25% decline from the decline in cryptocurrency mining, driving potential price declines through the whole product lineup, and facing an imminent Nvidia (nvda) product launch that they may not have an answer to for another year,” Moore wrote.
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