Barclays Maintains Overweight on Advanced Micro Devices, Lowers Price Target to $120
Portfolio Pulse from Benzinga Newsdesk
Barclays analyst Blayne Curtis has maintained an Overweight rating on Advanced Micro Devices (AMD) but lowered the price target from $145 to $120.

November 01, 2023 | 1:41 pm
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Barclays has maintained an Overweight rating on AMD but lowered the price target from $145 to $120.
The news is directly related to AMD as Barclays has maintained an Overweight rating on the company but lowered the price target. This could lead to mixed reactions in the market, with some investors seeing the lowered price target as a negative signal, while others may still see potential due to the maintained Overweight rating. Therefore, the short-term impact on the stock price is neutral.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100