BUSINESS/FINANCE NEWS
Setup News Ticker
   BUSINESS/FINANCE NEWS
Searching for 'Stock Inc'. (Return)

MarketWatch MarketPulseJan 14, 2021
AMD gets a downgrade from BMO after Intel CEO change
Advanced Micro Devices Inc. shares were subject to a downgrade by BMO Capital Markets analyst Ambrish Srivastava Thursday, in the wake of rival Intel Corp.'s announcement that it plans to replace its chief executive. "[W]e believe AMD has done a tremendous job under its CEO, and valuation reflects the near flawless execution under her watch," Srivastava wrote. "However, we do think a large part of the rich valuation is also attributable to how poorly Intel has executed." He argued that the CEO change at Intel offers the chip giant an opportunity to make up for past missteps. Srivastava lowered his price target on AMD shares to $75 from $80 and downgraded the stock to underperform from market perform. At the same time, he upped his Intel price target to $70 from $50 while upgrading the stock to outperform from market perform. AMD shares have gained 8.8% over the past three months as Intel's have risen 9.8%. The S&P 500 is up 9.5% over that span.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.


TRENDING TAGS
Bidenday plans actions Will Joe
StockBuy Right Could market Vaccine
CoronavirusLA County million cases case
StocksBuy Could These Value Right
BuyStock Stocks Right Here Show
PandemicSurviving
Covid-19cases Vaccine reports deaths TODAY
ReportingDHEC reports issue affected COVID-19
Workers
PlanBiden actions Day One Street

NEWS SOURCES
Top News (Business News)
Accounting Today
AdWeek News
Banking Business Review
Barron's This Week Magazine
Barron's Up and Down Wall Street Daily
Brad Ideas
Chicago Tribune Business News
CNBC Business
CNBC Economy
CNBC Finance
CNN/Money
CNN/Money Real Estate News
Dismal.com: Analysis
Dismal.com: Indicators
Enterprise Application News
Entrepreneur.com
Forbes Headlines
Forbes Social Media News
FT.com - China, Economy & Trade
FT.com - Financial Markets
FT.com - Hedge Funds
FT.com - Telecoms
FT.com - US
Google Business News
Google Market News
HBS Working Knowledge
Inc.com
INSEAD Knowledge
International Tax Review
Kiplinger
Knowledge@Wharton
L.S. Starrett News
MarketWatch
MarketWatch Breaking News
MarketWatch MarketPulse
McKinsey Quarterly
MSNBC.com: Business
Nielsen Trends
NonProfit Times
NPR Topics: Business
NYTimes Business
OpinionJournal.com
Private Equity Breaking News
Reuters Business
Reuters Company News
Reuters Money
SEC.gov Updates: News Digest
SHRM HR News
Tax Policy News
The Economist International News
The Motley Fool
USA Today Money
Wall Street Journal US Business
Wall Street Transcript
Washington Post Business
WSJ Asia
WSJ Europe
WSJ MoneyBeat
WSJ Opinion
WSJ US News
WSJ World Markets
Yahoo Business
  • CEOExpress
  • 1 Boston Place | Suite 2600
    Boston MA 02108
  • Contact
  • As an Amazon Associate
    CEOExpress earns from
    qualifying purchases.

©1999-2021 CEOExpress Company LLC