UPDATE: BMO Capital Downgrades AMD (AMD) to Market Perform

(updated to add analyst comment)

BMO Capital downgraded AMD (NASDAQ: AMD) from Outperform to Market Perform with a price target of $15.00.

Analyst Dr. Ambrish Srivastava comments "While we laud AMD for near-flawless execution on its product road map, and expect the company to take share in all the new markets it is targeting, we just do not see meaningful ensuing earnings. Compared to our earlier stance when we had found the risk/reward very attractive, at current levels, we do not see an attractive risk/reward profile."

For an analyst ratings summary and ratings history on AMD click here. For more ratings news on AMD click here.

Shares of AMD closed at $14.11 yesterday.

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