Deutsche Bank Reiterates Hold Rating on Advanced Micro Devices

Deutsche Bank reiterates its Hold rating on Advanced Micro Devices

in a research report out today. Deutsche Bank's $7 price target on Advanced Micro Devices remains unchanged. In the research report, Deutsche Bank writes, "Although the amended WSA agreement has the potential to benefit AMD through higher GM and improved supply chain flexibility these benefits are unlikely to be realized in the short-term. AMD's product roadmap is still dependent on GF as 32nm Trinity and successor will still be manufactured at GF." Shares of Advanced Micro Devices are currently trading at $7.12, down 4.56% from Friday's market close.