Citigroup Maintains Neutral on Advanced Micro Devices, Raises Price Target to $120
Portfolio Pulse from Benzinga Newsdesk
Citigroup analyst Christopher Danely maintains a Neutral rating on Advanced Micro Devices (NASDAQ:AMD) and raises the price target from $85 to $120.

June 05, 2023 | 9:36 am
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Citigroup analyst Christopher Danely maintains a Neutral rating on AMD and raises the price target from $85 to $120.
The news of Citigroup maintaining a Neutral rating on AMD and raising the price target from $85 to $120 indicates that the analyst sees potential growth in the stock but remains cautious. This may not have a significant short-term impact on the stock price, as the rating remains Neutral. However, the increased price target may attract some investors' attention.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100