SHARE GAINS 'FINALLY ACCELERATING': Citi analyst Christopher Danely upgraded AMD ($AMD) to Neutral from Sell with a price target of $95, up from $17. The analyst's channel checks indicate AMD share gains "are finally accelerating" in the server market, especially at hyper-scale companies such as Amazon Web Services and Google. He expects the momentum to continue and believes Intel ($INTC) gross margins could dip in to the 40's, similar to the last AMD product cycle. Danely raised estimates on AMD and recommends a pair trade of overweight AMD and underweight Intel. ON THE SIDELINES: Benchmark analyst Matthew Harrigan initiated coverage of Zoom Video ($ZM) with a Hold rating. The current stock price already implies "heady growth" in its Unified Communications as a Service market share and overall total addressable market, Harrigan noted. Though CEO Eric Yuan may defy skeptics in increasing Zoom's share and addressable market as the company broadens beyond video conferencing into "an immersive UCaaS platform strategy," the stock's immediate action "hinges on momentum and sentiment," the analyst argued. DOUBLE UPGRADE TO STRONG BUY: Raymond James analyst Savanthi Syth double upgraded Delta Air Lines ($DAL) to Strong Buy from Market Perform with a $58 price target. Following Wednesday's earnings call, Syth believes expectations have been reset, albeit with some risk if the recovery stalls. The analyst expects improving fundamentals to prevail particularly given his favorable view on business demand recovery. PRICE TARGET INCREASE: UBS analyst John Hodulik raised the firm's price target on Netflix ($NFLX) to $620 from $600 and keeps a Buy rating on the shares. Hodulik expects Q2 results to reflect a digestion period after consumers bulked up on streaming subscriptions during the pandemic, and says UBS Evidence Lab app downloads suggest upside to management's guidance for 1M net adds in Q2 given strength in Asia, the analyst tells investors in a research note. He sees 4.5M net adds in Q3, ramping up to 8.7M in Q4. BUY NXP SEMICONDUCTORS: Mizuho analyst Vijay Rakesh downgraded NXP Semiconductors ($NXPI) to Neutral from Buy with a price target of $220, down from $225. After a 150% move in the PHLX Semiconductor Sector Index ($SOX) year-to-date "it would be timely to be more defensive and selective," Rakesh told investors in a research note. The analyst sees auto and industrial comps getting tougher with growth slowing in China, and the "insatiable order growth starting to stabilize." Meanwhile, Rakesh downgraded Microchip ($MCHP) to Neutral from Buy with a price target of $160, down from $165. Disclosure: I may trade in the ticker symbols mentioned, both long or short. My articles represent my personal opinion and analysis and should not be taken as investment advice. Readers should do their own research before making decisions to buy or sell securities. Trading and investing include risks, including loss of principal. If you liked this article, please click the LIKE (thumbs up) button. Feel free to leave any comments, question, or opinions. (Sign-up if you haven't already done so). Follow us/bookmark us and check back occasionally for additional articles or comments on our page... Wild Tiger Trading - start/main page. .