American Technology Research analyst Doug Freedman downgraded AMD (AMD) to “neutral” from “buy” and lowered his price target to $11.00 from $17.00 according to Forbes.
But, a number of other analysts are oddly bullish on the stock.
Eighteen analysts surveyed by Thomson/First Call have a mean price target for AMD at $15.53. The stock currently trades just above $10. And, the Mean Recommendation for the shares is 2.8 on a scale where a 1 represents strong buy and a 5 is a strong sell.
No one on Wall St. seems to want to rate stocks a "sell" no matter how bad things get.
Douglas A. McIntyre
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