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Advanced Micro Devices, Inc. Message Board

  • nusaiba nusaiba Nov 4, 2013 10:36 AM Flag

    Canaccord Genuity upgraded AMD (NYSE: AMD) from Hold to Buy with a price target of $5.00 (from $3.00). Analyst Bobby Burleson thinks AMD's embedded business ramp will accelerate.

    Canaccord Genuity upgraded AMD (NYSE: AMD) from Hold to Buy with a price target of $5.00 (from $3.00). Analyst Bobby Burleson thinks AMD's embedded business ramp will accelerate.

    "We are upgrading shares of AMD to BUY from Hold ahead of what we expect to be strong performance versus PC-centric names as the company ramps its embedded business in this holiday and begins to transition away from a near-exclusive reliance on PC demand. Specifically, we believe the embedded opportunity could drive momentum in Q4 from Q3 as game consoles where AMD supplies custom silicon begin their production ramp ahead of the holiday shopping season," said Burleson.

 
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