UPDATE: Sterne Agee Raises PT to $10 on Advance Micro Devices

Sterne Agee raises its price target from $8 to $10 on Buy-rated Advance Micro Devices

as it raises estimates for March and June quarters on increased market share expectations. Sterne Agee says, "We believe an improving PC shipment combined with potential share gains in the GPU segment position AMD well. We believe JuneQ should see catalysts with the Computex in Taiwan and new Trinity (2nd Gen Llano) Launches into mid-year ahead of the key "Back to School" season. AMD is expected to report its quarter on April 19 after the close of market." AMD closed at $7.70 on Monday.