Keybanc Maintains Overweight on Advanced Micro Devices, Lowers Price Target to $230
Portfolio Pulse from Benzinga Newsdesk
Keybanc analyst John Vinh maintains an Overweight rating on Advanced Micro Devices (AMD) but lowers the price target from $270 to $230.

May 01, 2024 | 2:41 pm
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Keybanc maintains an Overweight rating on AMD but reduces the price target from $270 to $230.
The adjustment in price target by Keybanc reflects a change in valuation expectations for AMD, though the Overweight rating indicates continued confidence in the company's performance. This could lead to mixed reactions in the short term, as the market digests the lower price target against the backdrop of sustained analyst confidence.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100