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Jefferies notes favorable supply chain indicators for Advanced Micro Devices

  • Checks in the Asia PC supply chain are observed as supportive of a "systemic turnaround" regarding Advanced Micro Devices. Further cited are increased responsiveness, improved execution, interest in Zen desktop MPUs and positive expectations for Zen server solutions. Buy rating, $16 target reissued.
  • Shares (NASDAQ:AMD) $13.74, -0.36%.
  • Previously (March 20, 2017): Advanced Micro Devices raised to $16 target at Jefferies

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