Morgan Stanley Reinstates Overweight on Advanced Micro Devices, Maintains $138 Price Target
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley analyst Joseph Moore has reinstated Advanced Micro Devices (AMD) with an Overweight rating and maintains a $138 price target.
August 04, 2023 | 11:24 am
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Morgan Stanley has reinstated AMD with an Overweight rating and maintains a $138 price target, which could positively impact the stock.
Analyst ratings and price targets can significantly influence investor sentiment and stock prices. The reinstatement of an Overweight rating by Morgan Stanley, a major financial institution, along with a maintained price target of $138, suggests a positive outlook for AMD. This could lead to increased investor confidence and a potential rise in AMD's stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100