AMD Stock Leaps After KeyBanc Overweight Rating Upgrade, Price Target Boost

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By Martin Baccardax Data center demand, blue-chip clients and the $35 billion takeover of Xilinx should drive meaningful gains for AMD this year, KeyBanc analysts said Tuesday. Advanced Micro Devices (AMD) – Get Advanced Micro Devices, Inc. Report shares jumped higher Tuesday after analysts at KeyBanc boosted their rating and price target for the chipmaker, citing growth in data center demand and the impact of its $35 billion takeover of Xilinx (XLNX) – Get Xilinx, Inc. Report. KeyBanc Capital Markets analyst John Vinh lifted his rating on AMD to ‘overweight’, with a price target of $155 per s…

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