Susquehanna Upgrades AMD With $85 Target On Widening Gap Versus Intel

Susquehanna analyst Christopher Rolland upgraded AMD (AMD) to Positive from Neutral with a price target of $85, up from $64.

The company last night posted better than expected results and guidance, driven by upside across most product lines, Rolland tells investors in a research note. The analyst believes share shifts appear to be accelerating for AMD and that the "competitive gap" with Intel (INTC) is widening.

AMD's outperformance across all product lines and continued long-term share gains from Intel's 7nm "faceplant" warrants an upgrade to Positive, says Rolland.