AMD and Intel Have More Upside on Rebound of PC Sales, Analyst Predicts

Advanced Micro Devices and Intel are being tagged for an imminent business turnaround by Raymond James.

On Monday, the two major PC chip makers received recommendations from the investment bank’s Srini Pajjuri. The analyst raised his price targets for

AMD

stock (ticker: AMD) to $115 from $100 and

Intel

stock (INTC) to $33 from $30. Pajjuri has a Strong Buy rating for AMD and an Outperform rating for Intel.