AMD price target lowered to $120 from $145 at Barclays

Barclays analyst Blayne Curtis lowered the firm’s price target on AMD to $120 from $145 and keeps an Overweight rating on the shares. The company’s reduced guidance was expected with PCs better, data center slightly below and everything else worse, the analyst tells investors in a research note. The firm says $2B 2024 MI300/AI estimate is a “new positive.”