Keybanc Maintains Overweight on Advanced Micro Devices, Lowers Price Target to $140
Portfolio Pulse from Benzinga Newsdesk
Keybanc analyst John Vinh has maintained an Overweight rating on Advanced Micro Devices (AMD), but lowered the price target from $160 to $140.
November 01, 2023 | 9:35 am
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AMD's price target has been lowered from $160 to $140 by Keybanc, though the Overweight rating is maintained.
The lowering of the price target by Keybanc could potentially create a negative sentiment among investors, which might put downward pressure on AMD's stock price in the short term. However, the maintained Overweight rating indicates that the analyst still sees the stock as a good investment, which could offset some of the negative impact.
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IMPORTANCE 80
RELEVANCE 100