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AMD price target lowered to $147 from $158 at Morgan Stanley

Morgan Stanley analyst Joseph Moore lowered the firm’s price target on AMD (AMD) to $147 from $158 and keeps an Equal Weight rating on the shares ahead of the company reporting results after the market close on Tuesday, February 4. Expectations are lower in AI, which is “something of a good thing,” and stronger servers should keep numbers up, but the next catalysts “feel further out in time,” the analyst tells investors in a preview.

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