RBC Capital Maintains Sector Perform on Amgen, Raises Price Target to $253
Portfolio Pulse from richadhand@benzinga.com
RBC Capital analyst Gregory Renza maintains a 'Sector Perform' rating on Amgen (NASDAQ:AMGN) and raises the price target from $250 to $253.

August 04, 2023 | 3:37 pm
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RBC Capital maintains a 'Sector Perform' rating on Amgen and raises the price target from $250 to $253.
The news is directly related to Amgen as RBC Capital maintains its 'Sector Perform' rating on the company and raises the price target. This suggests that the analyst sees potential in the company but does not expect it to outperform its sector. The slight increase in price target may have a neutral impact on the stock as it does not indicate a significant change in the company's valuation.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100