Amgen (AMGN) PT Raised to $195 at Barclays

Barclays raised its price target on Amgen (NASDAQ: AMGN) to $195.00 (from $180.00) while maintaining a Equalweight rating following the company's 2Q earnings report.

Amgen’s portfolio looks poised to deliver flat growth in 2018e, which, in Barclays view, will likely keep shares in a holding pattern in the near term. For the year, Barclays forecasts top-line decline of -1.6% and -3.1% in 2019. On the bottom line, the company is expected to accelerate growth through its low tax rate and additional share repurchase programs.

You May Also Be Interested In

• Take-Two Interactive (TTWO) PT Raised to $368 at BofA Securities
• United Airlines (UAL) PT Raised to $153 at UBS Ahead of Q2 Results
• Darling Ingredients (DAR) PT Lowered to $70 at TD Cowen