UPDATE: UBS Upgrades Amgen (AMGN) to Buy; Pipeline Visibility Higher
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Price: $439.33 +1.29%
Rating Summary:
20 Buy, 18 Hold, 5 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 8 | Down: 5 | New: 26
Rating Summary:
20 Buy, 18 Hold, 5 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 8 | Down: 5 | New: 26
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(Updated - September 10, 2012 12:22 PM EDT)
UBS upgraded Amgen (NASDAQ: AMGN) from Neutral to Buy. PT raised from $80 to $96.
Analyst, Matthew Roden, said, "Our previous Neutral rating on the industry bellwether had been predicated on an anemic topline growth profile, and a lack of visibility into clear revenue growth drivers in the pipeline. We now take a more constructive outlook ahead of phase 2 data for AMG 145 (lipid-lowering) and AMG 785 (bone health)."
FY13 EPS estimate raised from $6.27 to $6.81.
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 $83.96 yesterday.
UBS upgraded Amgen (NASDAQ: AMGN) from Neutral to Buy. PT raised from $80 to $96.
Analyst, Matthew Roden, said, "Our previous Neutral rating on the industry bellwether had been predicated on an anemic topline growth profile, and a lack of visibility into clear revenue growth drivers in the pipeline. We now take a more constructive outlook ahead of phase 2 data for AMG 145 (lipid-lowering) and AMG 785 (bone health)."
FY13 EPS estimate raised from $6.27 to $6.81.
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 $83.96 yesterday.
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