Cowen lifts price target on AMD and the stock jumps
Advanced Micro Devices, Inc. (AMD) is up 3.8% Tuesday morning after researchers at Cowen boosted their price target on the stock. Citing that the company has already overcome a number of obstacles, Cowen sees additional upside, and lifted its price target from $25 to $30 on the stock.
Advanced Micro Devices, Inc. (AMD) manufactures semiconductors.
Vaccinex, Inc. (VCNX) and Roku, Inc. (ROKU) top the list of other companies with positive news today, while JD.com, Inc. (JD) and Conn’s, Inc. (CONN) top the list of companies with negative news.
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About Advanced Micro Devices Inc.
Advanced Micro Devices designs and produces microprocessors and low-power processor solutions for the computer and consumer electronics industries. The majority of the firm's sales are in the computer market via CPUs and GPUs. AMD acquired graphics processor and chipset maker ATI in 2006 in an effort to improve its positioning in the PC food chain. In 2009, the firm spun out its manufacturing operations to form a foundry joint venture, GlobalFoundries.