Bank of America Merrill Lynch Previews and Reports on AMD

Bank of America Merrill Lynch has published an earnings preview report on AMD AMD. Their analyst anticipates 2Q results inline with expectations. In the report, Bank of America Merrill Lynch commented that, "We expect AMD to maintain its outlook for 10%+ PC unit growth vs. Street at 5-7%. With a richer mix of 32nm Llano microprocessors, we expect there could be some upside to ASPs in 2Q." The report also places the price objective for AMD at $9.50 with a rating of Neutral. AMD closed at $6.76 yesterday and so far has dropped by 4.33% to $6.43 today.