Jefferies Initiates Coverage of Advanced Micro Devices with Hold and PT of $7.50

Jefferies initiated its coverage of Advanced Micro Devices AMD with a Hold rating and a price target of $7.50. On Monday, AMD lost 3.89% of its value to end the day at $6.18. Its shares recovered some of yesterday's losses in today's pre-market trading, rising 0.65% to $6.22.