AMD price target raised to $96 from $90 at Credit Suisse

Credit Suisse analyst Chris Caso raised the firm’s price target on AMD (AMD) to $96 from $90 and keeps an Outperform rating on the shares. While AMD guided below consensus for Q1, guidance was almost directly in line with the firm’s numbers as it lowered numbers ahead of the quarter. Credit Suisse therefore feels the report comes as a relief to investors after Intel’s (INTC) very cautious report a week ago.