Wall Street Zen Upgrades Advanced Micro Devices (AMD) to Buy
· 1 sources
MarketBeat reports that Wall Street Zen raised its rating on Advanced Micro Devices (NASDAQ:AMD) from hold to buy in a research report issued on Sunday.
What happened
MarketBeat reports that Wall Street Zen has upgraded Advanced Micro Devices (NASDAQ:AMD). The firm moved its rating on the chipmaker from hold to buy.
According to MarketBeat, the change was made in a research report published on Sunday. The sources provided do not include further details on the reasoning behind the upgrade.
Context
Analyst rating changes are one of several inputs that market participants follow when assessing a listed company, and different research providers use their own methods.
Why it matters
Rating changes from research providers can draw attention to a company, though they reflect one firm's view and not a consensus.
Stocks in this story
Price changes are shown for the trading day of the story and are a coincidence in time, not proof that the news caused them. Figures are ATLAS data from our database.
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