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Here’s Why Piper Sandler Downgraded AMD, Slashed Price Target By 7%

Here's Why Piper Sandler Downgraded AMD, Slashed Price Target By 7%

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Piper Sandler analyst Harsh Kumar downgraded Advanced Micro Devices Inc (NASDAQ:AMD) to Neutral from Overweight with a price target of $130, down from $140.  The analyst is cautious on the broader automotive sector, saying the pace of orders and strong pricing “may come into question” as supply normalizes in the second half of 2022.

...read full article on Benzinga

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