Bank of America sets Street's highest price target for AMD, says shares to keep surging

Bank of America sets Street's highest price target for AMD, says shares to keep surging

6 years ago
Anonymous $oIHRkISgaL

https://www.cnbc.com/2018/09/05/bank-of-america-raises-it-price-target-for-amd-shares-to-street-high.html

Bank of America Merrill Lynch is getting more bullish on AMD shares, even after the stock's stunning performance so far this year.

The firm raised its price target to $35 from $25 for Advanced Micro Devices, citing the chipmaker's process manufacturing advantage over Intel. The new price target is 25 percent higher than Tuesday's closing price and is the highest target of the 24 analysts who cover AMD on Wall Street, according to FactSet. Bank of America also reiterated its buy rating for the chipmaker.