B of A Securities Maintains Buy on Advanced Micro Devices, Lowers Price Target to $180
Portfolio Pulse from Benzinga Newsdesk
B of A Securities analyst Vivek Arya maintains a Buy rating on Advanced Micro Devices (NASDAQ:AMD) but lowers the price target from $195 to $180.
July 31, 2024 | 5:23 pm
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B of A Securities analyst Vivek Arya maintains a Buy rating on Advanced Micro Devices (NASDAQ:AMD) but lowers the price target from $195 to $180.
The Buy rating suggests continued confidence in AMD's long-term prospects, but the lowered price target indicates some caution about short-term performance. This mixed signal is likely to result in a neutral short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100