https://www.cnbc.com/2018/07/16/amd-shares-rise-after-stifel-predicts-higher-profitability-for-chipmak.html

AMD's new chips will boost the company’s profit margin in its third quarter, according to Stifel.

The firm raised its price target for AMD’s stock to $21 from $17 and reiterated its buy rating for the company’s shares. The new price target is 29 percent higher than Friday's closing price.