AMD price target raised to $70 from $68 at Barclays

Barclays analyst Blayne Curtis raised the firm’s price target on AMD to $70 from $68 and keeps an Equal Weight rating on the shares. The analyst hoped PCs were "washed out enough" but says December came in weaker. He now sees one more estimate reset into Q1 as inventories are worked down further. A weaker China is another headwind to monitor, Curtis tells investors in a research note.