Guggenheim Raises Price Target on Amgen (AMGN)

Guggenheim reported on Tuesday that they have increased their price target on biotechnology medicines company, Amgen, Inc.(AMGN).

The firm, which currently has a “Neutral” rating on AMGN, has raised the company’s price target to $95. This price target suggests a 5% upside to the stock’s current price of $89.55.

Analysts have increased the company’s price target due to the company’s decreased competition which occurred after the recall of Omonty.

Amgen shares were mostly flat during premarket trading Tuesday. The stock has increased 32% in the past year.

The Bottom Line
Shares of Amgen, Inc.(AMGN) have a 2.10% yield, based on Monday’s closing price of $89.55.

Amgen, Inc.(AMGN) is not recommended at this time, holding a Dividend.com DARS™ Rating of 3.4 out of 5 stars.

Be sure to visit our complete recommended list of the Best Dividend Stocks, as well as a detailed explanation of our ratings system here.

Related Stocks:
Stock Market XML and JSON Data API provided by FinancialContent Services, Inc.
Nasdaq quotes delayed at least 15 minutes, all others at least 20 minutes.
Markets are closed on certain holidays. Stock Market Holiday List
By accessing this page, you agree to the following
Privacy Policy and Terms and Conditions.
Press Release Service provided by PRConnect.
Stock quotes supplied by Six Financial
Postage Rates Bots go here