Citigroup Maintains Buy on Advanced Micro Devices, Lowers Price Target to $176
Portfolio Pulse from Benzinga Newsdesk
Citigroup analyst Christopher Danely maintains a Buy rating on Advanced Micro Devices (AMD) but lowers the price target from $192 to $176.

May 01, 2024 | 6:46 pm
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Citigroup maintains a Buy rating on AMD but lowers the price target from $192 to $176.
While the reduction in the price target could suggest a more cautious outlook on AMD's short-term price performance, the maintenance of a Buy rating indicates continued confidence in the company's fundamentals. This mixed signal could lead to neutral short-term price movement as investors weigh the lowered price target against the sustained positive rating.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100