Sterne Agee Reiterates Buy Rating, $15 PT on Advanced Micro Devices

Sterne Agee is reiterating its Buy rating and $15 PT on shares of Advanced Micro Devices, Inc. AMD. “We had a meeting with AMD management yesterday,” Sterne Agee writes. “Overall AMD is seeing good traction with Llano, with strong Notebook design win activity into both larger screen an Corporate NB markets with Llano. “We believe Llano is seeing a strong traction with almost 135 new design wins, which is tracking ahead of AMD's expectations.” Advanced Micro Devices closed Monday at $8.67.