AMD price target lowered to $90 from $95 at Mizuho

Mizuho analyst Vijay Rakesh lowered the firm’s price target on AMD to $90 from $95 and keeps a Buy rating on the shares. The company reported in-line results and guided the March quarter "better-than-feared," the analyst tells investors in a research note. The firm believes AMD’s near-term margins could be softer with slower data center growth, but sees improvement in the second half of 2023.