Here are the biggest calls on Wall Street on Tuesday.
RBC raised its price target on Advanced Micro Devices to $53 from $50.A FedEx plane is parked at Ontario International Airport on February 4, 2019.Argus downgraded the stock and said it has "little confidence" in the company's "near-term earnings power."
"The shares have fallen sharply in 2018-2019 though, on concerns over trade and tariffs as well as weakening economic conditions overseas. Revenue in the coreExpress segment is declining and margins are narrowing. Management has lowered guidance several times, and though it has a plan to reduce costs, we have little confidence in the company's near-term earnings power. Value investors may be attracted to the stock's low multiples and continue to hold the shares.
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