DZ Bank Downgrades Advanced Micro Devices to Hold, Announces $200 Price Target
Portfolio Pulse from Benzinga Newsdesk
DZ Bank analyst Ingo Wermann downgraded Advanced Micro Devices (AMD) from Buy to Hold and set a price target of $200. This adjustment reflects a change in the bank's outlook on AMD's stock.
March 07, 2024 | 11:32 am
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Advanced Micro Devices was downgraded by DZ Bank from Buy to Hold with a new price target of $200.
The downgrade from Buy to Hold suggests a neutral outlook on AMD's stock by DZ Bank, indicating that the stock might not have significant upside potential in the short term. However, the set price target of $200 implies a belief in the stock's stability or potential for gradual growth. This mixed signal could lead to a neutral short-term impact on AMD's stock price.
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