- Cowen analyst Matthew Ramsay raised the price target on Advanced Micro Devices Inc AMD to $150 from $145 and reiterated an Outperform rating on the shares. The price target implies an upside of 12%.
- The analyst told investors not to overlook its organic strength despite the deal delay.
- He said it shouldn't distract from what remains one of the best organic growth stories in semis, which is still in the middle innings of its growth.
- Price Action: AMD shares traded lower by 2.54% at $133.41 on the last check Tuesday.
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