AMD: Jefferies raises target price
(CercleFinance.com) - Jefferies has reiterated its "buy" rating on Advanced Micro Devices (AMD), raising its target price from 30 dollars to 36 dollars, believing that the group could take advantage of supply problems at the microchip giant Intel.
"Fubon's report that INTC will undersupply the PC market between 4Q18 and 2Q19 gives us higher conviction that AMD will continue to report improving revenues, pricing and margins N-T," the broker explains.
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The information and analyses distributed by Cercle Finance are only intended as decision-making support for investors. Cercle Finance's responsibility may not be entailed, either directly or indirectly following the use of such information and analyses by readers. Any non-professional investor is recommended to consult a professional advisor before making any investment decision. This indicative information in no way constitutes any invitation to sell or buy securities.
"Fubon's report that INTC will undersupply the PC market between 4Q18 and 2Q19 gives us higher conviction that AMD will continue to report improving revenues, pricing and margins N-T," the broker explains.
Copyright (c) 2018 CercleFinance.com. All rights reserved.
The information and analyses distributed by Cercle Finance are only intended as decision-making support for investors. Cercle Finance's responsibility may not be entailed, either directly or indirectly following the use of such information and analyses by readers. Any non-professional investor is recommended to consult a professional advisor before making any investment decision. This indicative information in no way constitutes any invitation to sell or buy securities.