Cantor Fitzgerald Maintains Overweight on Advanced Micro Devices, Lowers Price Target to $170
Portfolio Pulse from Benzinga Newsdesk
Cantor Fitzgerald analyst C J Muse maintains an Overweight rating on Advanced Micro Devices (AMD) but lowers the price target from $190 to $170.
May 01, 2024 | 2:11 pm
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Cantor Fitzgerald maintains an Overweight rating on AMD, indicating a positive outlook, but lowers the price target from $190 to $170, suggesting a reduced but still optimistic valuation.
The maintenance of an Overweight rating by Cantor Fitzgerald suggests a continued positive outlook on AMD's performance. However, the reduction in the price target from $190 to $170 may reflect adjustments in valuation expectations due to market conditions or AMD's financial outlook. This mixed signal could lead to short-term uncertainty among investors, potentially stabilizing the stock price as the market absorbs the new price target.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100