Advanced Micro Devices (AMD) Viewed Positively at Wells Fargo

Wells Fargo maintains Outperform on AMD (NASDAQ: AMD) price target of $18.00.

Analyst David Wong remains positive on the company noting a belief that the company continues to execute well as sales growth was up 26% YoY. The analyst marginally increases EPS estimate for FY 2017 and FY 2018 citing December guidance signals continuing strength in YoY growth and potential upside to Street expectations prior to the Q4 report.

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 $14.25 yesterday.

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