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Technology Stocks : AMD, ARMH, INTC, NVDA

AMD 205.51

+0.4%

1:42 PM EST

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From: bit3	8/1/2019 10:13:03 AM
	Read Replies (2) of 73476

* Citi reiterates Sell rating on AMD, boosts target to $8 from $7. AMD last night missed consensus earnings expectations and lowered its full year guidance on lower semi-custom revenue, Citi analyst Christopher Danely tells investors in a research note. The analyst raised his price target for the shares to $8 from $7 and reiterates a Sell rating on the name. He expects AMD's share gains to not translate into earnings growth. Danely cites the company's "continued low profitability and high valuation" for his Sell rating. Read more at: thefly.com

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