UPDATE: Sterne Agee Lowers Price Target on Advanced Micro Devices to $8

By John Harris
Benzinga Staff Writer
January 06, 2012 8:27 AM

Symbols: AMD

Posted in: Analyst Color, Price Target, Analyst Ratings

According to Sterne Agee, Advanced Micro Devices (NYSE: AMD) price target is lowered to $8.

Sterne Agee said that checks indicate Llano supply has improved and OEMs-ODMs have been able to get supply. “We are therefore lowering our C12/13E estimates and PT to $8.”

Advanced Micro Devices closed yesterday at $5.46.

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UPDATE: Sterne Agee Lowers Price Target on Advanced Micro Devices to $8

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