Erste Group Upgrades Amgen (AMGN) to Buy

Erste Group analyst Hans Engel upgraded Amgen (NASDAQ: AMGN) from Hold to Buy.

The analyst comments "Amgen has a higher operating margin and a higher return on equity than the sector average. Sales and operating income will continue to rise in the coming quarters. The stock is attractively valued according to the P/E ratio. It also has a comparatively high dividend yield."

For an analyst ratings summary and ratings history on Amgen click here. For more ratings news on Amgen click here.

Shares of Amgen closed at $289.02 yesterday.

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