Morgan Stanley Maintains Equal-Weight on Advanced Micro Devices, Lowers Price Target to $169
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley analyst Joseph Moore has maintained an Equal-Weight rating on Advanced Micro Devices (AMD) but has lowered the price target from $178 to $169.
October 30, 2024 | 12:52 pm
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Morgan Stanley has maintained its Equal-Weight rating on AMD but reduced the price target from $178 to $169, indicating a more cautious outlook.
The reduction in price target by Morgan Stanley suggests a more cautious outlook on AMD's stock performance, which could lead to a short-term negative impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100