Deutsche Bank Initiates Coverage On Amgen with Hold Rating, Announces Price Target of $240
Portfolio Pulse from Benzinga Newsdesk
Deutsche Bank analyst James Shin has initiated coverage on Amgen (NASDAQ:AMGN) with a Hold rating and a price target of $240.
November 09, 2023 | 10:05 am
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Deutsche Bank has initiated coverage on Amgen with a Hold rating and a price target of $240.
The Hold rating from Deutsche Bank suggests that the bank sees the stock as fairly valued at current levels. The price target of $240 indicates where the bank believes the stock will trade in the near future. This could influence investor sentiment and potentially impact the stock's price, but the neutral rating suggests no significant movement is expected in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100