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Guggenheim Adjusts Price Target on Amgen to $347 From $305, Maintains Neutral Rating
Guggenheim has increased its price target for Amgen (AMGN) to $347 from $305, while maintaining a Neutral rating on the stock. This adjustment reflects an updated outlook amidst other analyst revisions for Amgen, with Argus Research also raising its price target to $400 and maintaining a Buy rating. The biotech company recently reported a rise in Q4 revenue, driven by double-digit volume growth.