AMD price target lowered to $137 from $147 at Morgan Stanley

Morgan Stanley lowered the firm’s price target on AMD (AMD) to $137 from $147 and keeps an Equal Weight rating on the shares. AMD’s overall numbers were about in line, but the mix, with more client and less datacenter, was “somewhat underwhelming,” says the analyst, who lowered the firm’s calendar year 2025 EPS estimate 1% and calendar 2026 EPS view 8%. The firm expects “slightly larger cuts to consensus,” the analyst added.