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Stock impact report

Why Amgen Stock Was a Nearly 5% Winner Today [Yahoo! Finance]

Amgen Inc. (AMGN) 
Last amgen inc. earnings: 4/30 04:01 pm Check Earnings Report
US:NASDAQ Investor Relations: investors.amgen.com
Company Research Source: Yahoo! Finance
10 stocks we like better than Amgen › On Tuesday, Amgen (NASDAQ: AMGN) stock hit its one-year high, on continued momentum from a far better-than-expected quarterly earnings report. The immediate catalyst was a post-earnings price target raise from an analyst, which helped the stock secure an almost 5% price gain that day; it closed a mere $0.10 down from that one-year peak. Effective medicine for shareholders Before market open, Deutsche Bank 's James Shin pulled the lever on that hike. The pundit now believes the stock is worth $285 per share, up a tick from his previous fair-value estimation of $280. This move didn't change his recommendation on the stock, as it remains a hold. Image source: Getty Images. The reasoning behind the change wasn't immediately apparent. It doesn't seem coincidental, however, that it was enacted just shy of one week after Amgen published those quarterly figures. The veteran biotech and pharmaceutical company delivered quite the impressive thi Show less Read more
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