AMD: New Street Research maintains 'sell', cuts target price
(CercleFinance.com) - New Street Research maintains its "sell" rating on AMD and has cut its target price for the share to 14 dollars, expecting 2019 to be a "challenging year" for the US chipmaker.
In a note to clients, the independant research house says it expects the ramp-up in EPYC server chips to only partly offset the gaming GPU inventory draw-down and a slowing gaming console cycle.
"We see downside risk to consensus expectations," New Street wrote in the report.
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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.
In a note to clients, the independant research house says it expects the ramp-up in EPYC server chips to only partly offset the gaming GPU inventory draw-down and a slowing gaming console cycle.
"We see downside risk to consensus expectations," New Street wrote in the report.
Copyright (c) 2019 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.