AMD (AMD) Enters Amended Wafer Supply Agreement with GLOBALFOUNDRIES; Sees $335M Charge
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AMD (AMD) PT Raised to $9 at Jefferies Amid Increased Product Cycle Visibility
September 1, 2016 10:29 AM EDT(Updated - September 1, 2016 12:04 PM EDT)
Jefferies analyst Mark Lipacis reiterated a Buy rating and raised estimates and his price target on AMD (NASDAQ: AMD) to $9.00 (from $6.75) citing increased visibility to product cycles.
Specifically, the analyst highlighted:
1) recent channel checks that suggest AMD's new Zen MPU (Summit Ridge, 1Q17) could take share in mid-tohigher end... More
