- Daiwa analyst Louis Miscioscia upgraded Advanced Micro Devices Inc AMD to Buy from Outperform with a price target of $150, up from $140. The price target implies an upside of 14.7%.
- The analyst cites the recent pullback in the shares for the upgrade.
- In addition, AMD's prospects are "looking good" for 2022 and 2023, Miscioscia tells investors in a research note.
- The is seeing "firm orders and good visibility" in cloud demand for both internal applications and more instances, says the analyst.
- Price Action: AMD shares traded higher by 3.30% at $132.50 on the last check Wednesday.
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