Morgan Stanley Reinstates Equal-Weight on Amgen, Announces $300 Price Target
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley analyst Terence Flynn has reinstated Amgen (NASDAQ:AMGN) with an Equal-Weight rating and announced a price target of $300.

October 17, 2023 | 9:44 am
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NEUTRAL IMPACT
Amgen has been reinstated with an Equal-Weight rating by Morgan Stanley, with a price target of $300.
The reinstatement of Amgen by Morgan Stanley with an Equal-Weight rating indicates a neutral outlook for the stock. The price target of $300 suggests that the analyst sees potential for the stock's price to reach this level. However, as this is a reinstatement and not an upgrade, it does not necessarily indicate a strong bullish sentiment, hence the neutral score.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100