AMD price target lowered to $175 from $190 at UBS

UBS lowered the firm’s price target on AMD (AMD) to $175 from $190 and keeps a Buy rating on the shares. AMD’s results and guidance were mixed “at best,” though consistent with the firm’s preview that Street revenue and EPS needed to come down quite a bit, the analyst tells investors in a research note. Data center results were a little light, as was guidance for the data center segment, which is really what matters for the stock, the firm argues.