Citigroup Upgrades Advanced Micro Devices to Buy, Raises Price Target to $136
Portfolio Pulse from richadhand@benzinga.com
Citigroup analyst Christopher Danely has upgraded Advanced Micro Devices (AMD) from Neutral to Buy and raised the price target from $120 to $136.
August 04, 2023 | 10:44 am
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POSITIVE IMPACT
Citigroup's upgrade of AMD from Neutral to Buy and the increase in price target could potentially boost AMD's stock in the short term.
Analyst upgrades often lead to a positive reaction in the stock market. The upgrade from Neutral to Buy indicates a more bullish outlook on AMD. Additionally, the raised price target from $120 to $136 suggests that the analyst sees significant upside potential for the stock.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100