B of A Securities Maintains Neutral on Advanced Micro Devices, Raises Price Target to $120
Portfolio Pulse from Benzinga Newsdesk
B of A Securities analyst Vivek Arya maintains a Neutral rating on Advanced Micro Devices (NASDAQ:AMD) and raises the price target from $105 to $120.

May 23, 2023 | 10:53 am
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NEUTRAL IMPACT
B of A Securities maintains a Neutral rating on AMD, raising the price target from $105 to $120.
The news of B of A Securities maintaining a Neutral rating on AMD and raising the price target from $105 to $120 indicates that the analyst sees potential in the stock but remains cautious. This may not have a significant short-term impact on the stock price, as the rating remains unchanged. However, the increased price target may generate some positive sentiment among investors.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100