Benchmark Maintains Buy on Advanced Micro Devices, Lowers Price Target to $200
Portfolio Pulse from Benzinga Newsdesk
Benchmark analyst Cody Acree maintains a Buy rating on Advanced Micro Devices (AMD) but lowers the price target from $245 to $200.

May 02, 2024 | 1:36 pm
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NEUTRAL IMPACT
Benchmark analyst Cody Acree maintains a Buy rating on AMD but lowers the price target from $245 to $200.
The adjustment in price target by Benchmark reflects a revised valuation outlook while maintaining a positive stance on AMD's stock. This could lead to mixed reactions in the market, with the maintained Buy rating providing a positive signal, but the lowered price target potentially causing concerns about valuation or growth prospects. The net impact on AMD's stock price in the short term is uncertain, hence the neutral score.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100