Advanced Micro Devices - Moderated (AMD) Message Board

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Technology Stocks : Advanced Micro Devices - Moderated (AMD)

AMD 203.14

-0.8%

Jan 9 9:30 AM EST

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To: dhellman who wrote (103109)	10/17/2003 8:16:38 AM
From: dhellman	Read Replies (2) of 275872

Advanced Micro downgraded at Soundview, upgraded at Deutsche (AMD) 13.96: Following much stronger than expected earnings, Soundview downgrades AMD to Neutral from Outperform, while Deutsche upgrades to Hold from Sell and raises their target to $15 from $6; Soundview believes that now is the time to take profits, as the shares have enjoyed a great run in the past couple of months and they believe that AMD is reasonably priced in the mid-teens. While Deutsche remains deeply skeptical of AMD's ability to morph into a value-creator, they believe strong momentum and relatively low valuation multiples will provide sufficient near-term ammunition for the bulls. Market Report -- In Play (AMD) October 17, 2003 07:32:00 AM ET

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