Advanced Micro Devices - Moderated (AMD) Message Board

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Technology Stocks : Advanced Micro Devices - Moderated (AMD)

AMD 203.76

-1.1%

Nov 21 9:30 AM EST

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From: Mahmoud Mohammed	7/11/2016 12:31:17 PM
	of 275872

Advanced Micro Devices: Bernstein Cuts Target Price, Rating "Advanced Micro Devices, Inc. AMD rating on the stock has recently been downgraded from “market perform” to “underperform” by research and brokerage firm Bernstein. Bernstein’s price target on the stock is $3 thereby indicating a 40% decline. Why the Downgrade Bernstein is not very optimistic about the stock in the near term as it thinks that the company’s new Zen chip sales will take at least one more year to ramp up. Though the company reported better-than-expected performance in the first quarter, Bernstein thinks that’s not going to be repeated in the second quarter. The firm cited channel fills behind this expectation of a dismal performance." finance.yahoo.com Mahmoud

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