HSBC Upgrades Advanced Micro Devices to Buy, Announces $225 Price Target
Portfolio Pulse from Benzinga Newsdesk
HSBC analyst Frank Lee upgrades Advanced Micro Devices (NASDAQ:AMD) from Hold to Buy and sets a new price target of $225.
April 16, 2024 | 9:33 am
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HSBC upgraded Advanced Micro Devices from Hold to Buy and set a price target of $225.
The upgrade from Hold to Buy by HSBC, a major financial institution, along with a significant price target of $225, indicates a strong bullish outlook for AMD. This is likely to positively influence investor sentiment and potentially drive the stock price up in the short term.
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