FBR Capital Downgrades AMD To Market Perform

Analysts at FBR Capital downgraded Advanced Micro Devices

from Outperform to Market Perform. The target price for Advanced Micro Devices has been lowered from $6.00 to $4.50. AMD shares have dropped 1.51% over the past 52 weeks, while the S&P 500 index has gained 15.91% in the same period. AMD's shares tumbled 17.72% to $3.76 in pre-market trading.