Truist Securities Maintains Hold on Advanced Micro Devices, Lowers Price Target to $162
Portfolio Pulse from Benzinga Newsdesk
Truist Securities analyst William Stein maintains a Hold rating on Advanced Micro Devices (AMD) and lowers the price target from $174 to $162.

May 01, 2024 | 12:31 pm
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Truist Securities maintains a Hold rating on AMD and reduces the price target from $174 to $162.
The adjustment in price target by Truist Securities reflects a revised valuation outlook for AMD, though the Hold rating indicates a neutral short-term price movement expectation. The reduction in price target could suggest a tempered growth outlook or valuation concern, potentially influencing investor sentiment and AMD's stock price stability in the short term.
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IMPORTANCE 75
RELEVANCE 100