Boston, MA 03/04/2014 (wallstreetpr) – Advanced Micro Devices, Inc. (NYSE:AMD) has had its neutral rating position reiterated by analysts at Zacks. The firm currently has $4 price target on the stock. In its latest note to investors covering the stock of AMD, Zacks acknowledged that AMD’s shortcomings were its lackluster forward sales outlook, poor cash position and the fact that Intel Corporation (NASDAQ:INTC) remains a strong competitor whose superior technology is a big threat. However, Zacks believe that AMD has a chance if it can utilize its wins in games consoles, strengthening position in graphics and new products line. AMD can be seen trying to carve a niche for its self in the semi-customs chip market. The company’s technology is what powers the market’s latest gaming consoles PlayStation4 from Sony and Xbox One from Microsoft Corporation (NASDAQ:MSFT). Shares of Advanced Micro Devices, Inc. (NYSE:AMD) fell more than 1 percent to $3.67 in Monday session.
Pfizer Inc. (NYSE:PFE) shares have received positive recommendation, just as the company pushes forward with efforts to bring a version of its cholesterol control drug Lipitor over the counter. Investment researchers at Thomson Reuters/Verus have issued a “buy” rating on the stock of PFE. Previously the equity market experts at Thomson Reuters/Verus had a “hold” recommendation on the stock. Following the latest recommendation on the stock of PFE, the consensus view is now a “buy,” following comments from about 23 rating firms. The average price target on the stock from the same number of rating firms is $32.28. Shares of Pfizer Inc. (NYSE:PFE) are currently trading at $31.98, having lost 0.4 percent in the last trading session.
North American Palladium Ltd (USA) (NYSEMKT:PAL) popped almost 17 percent to $0.452 in the last trading session. The positive rally in the stock was also maintained all the way into the post-market trading, where the stock price was boosted by almost 4 percent gain. The most recently available data showed that short interest in the stock was declining. As of February, short interest in North American Palladium Ltd (USA) (NYSEMKT:PAL) covered approximately 4.3 percent float, suggesting a decline of roughly 2.1 percent from January.
