Keybanc Maintains Overweight on Advanced Micro Devices, Raises Price Target to $170
Portfolio Pulse from Benzinga Newsdesk
Keybanc analyst John Vinh has maintained an Overweight rating on Advanced Micro Devices (AMD) and increased the price target from $140 to $170. This adjustment reflects a positive outlook on AMD's stock performance.
January 04, 2024 | 10:50 am
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Keybanc analyst John Vinh has reaffirmed an Overweight rating on AMD and raised the price target to $170, indicating a positive sentiment towards the company's future stock performance.
The increase in price target by a reputable analyst typically signals confidence in the company's prospects and can lead to a positive short-term impact on the stock price as investors react to the news.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 100