Morgan Stanley Downgrades Advanced Micro Devices to Equal-Weight, Maintains Price Target to $176
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley has downgraded Advanced Micro Devices (AMD) from Overweight to Equal-Weight, while maintaining the price target at $176.

June 10, 2024 | 9:10 am
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NEGATIVE IMPACT
Morgan Stanley analyst Joseph Moore downgraded AMD from Overweight to Equal-Weight, maintaining the price target at $176.
The downgrade from Overweight to Equal-Weight by a major financial institution like Morgan Stanley is likely to have a negative short-term impact on AMD's stock price. The maintained price target suggests that while the stock is not expected to decline significantly, the potential for upside is now seen as limited.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100