Deutsche Bank Cuts AMD Price Target by 11 Percent

A general view outside the Deutsche Bank building in central London in London, England on July 8, 2019. Leon Neal/Getty Images

Deutsche Bank analyst Ross Seymore lowered the price target on Advanced Micro Devices Inc to $125 from $140 and kept a Hold rating on the shares. The price target implied an upside of 17 percent.

The re-rating followed AMD’s acquisition of Pensando for $1.9 billion.