Advanced Micro Devices To Face Top Line Pressures In Q4: Wedbush

Wedbush believes that recent reorganization by Advanced Micro Devices, Inc. (NASDAQ:AMD) will help its bottom line. However, the continued shift in market share will create top line weakness during the fourth quarter of fiscal year 2015 (4QFY15). The sell-side research firm reiterates a Neutral rating on the stock, along with a price target of $2, as disclosed in a research note published on Monday.

The firm notes that the company filed an 8-K on October 1, which disclosed that the...

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