AMD price target raised to $90 from $85 at Barclays

Barclays analyst Blayne Curtis raised the firm’s price target on AMD (AMD) to $90 from $85 and keeps an Overweight rating on the shares post the Q4 results. The miss was expected and notably less severe than Intel (INTC), "putting a bottom to the PC correction and setting the stage for a return to growth" in Q1, the analyst tells investors in a research note.