​​#PriceTarget #stock AMD $AMD rating upgraded to 'under ma | Warren Buffett SAYS

​​#PriceTarget #stock
AMD $AMD rating upgraded to "under market" from "worse than market"; target price raised to $110 from $80 - BMO Capital analyst Ambrish Srivastava

The analyst calls the current revision a time to admit one's mistakes. Given the company's ongoing activity and valuation expansion, the stock looks relatively more reasonably valued than it did at the beginning of the year, according to Srivastava, who also believes that valuations are trending upward during the year as AMD begins to ramp up projects it has already won in the data center sector.