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AMD: Merrill Cuts to Underperform, Ups ADI to Neutral

in News on September 5, 2008 at 9:30 am PT

Merrill Lynch chip analyst Srini Pajjuri this morning cut his rating on Advanced Micro Devices (AMD) to Underperform from Neutral, while moving Analog Devices (ADI) in the other direction, to Neutral from Underperform.