Advanced Micro Devices raised to $16 target at Jefferies

|About: Advanced Micro Devices, ... (AMD)|By:, SA News Editor

From $13 (current price $14.22) and reiterating shares at Buy, analyst Mark Lipacis elevates sales estimates, citing greater visibility into Ryzen 7 and forthcoming Ryzen 5 launch (April 11), and Advanced Micro Devices' (AMD +5.4%) ability to balance pricing and competitive performance, which firm expects to result in material share gains at the expense of Intel (INTC +0.8%) within desktop, server and notebook segments beginning this year.

Models 2017 sales and EPS 700 bps and $0.17 over consensus forecasts, respectively.

Previously (March 13, 2017): Intel downgraded to Hold at Jefferies