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Fly News Breaks for March 3, 2016
AMGN
Mar 3, 2016 | 06:24 EDT
Piper Jaffray analyst Joshua Schimmer lowered his price target for Amgen to $191 after hosting a call with an osteoporosis specialist. The analyst now sees a "somewhat hazy" future outlook for Amgen's osteoporosis treatment candidate romosozumab. Pending greater clarity on the drug's commercial outlook, Schimmer lowered his estimates for the drug. He reiterates an Overweight rating on Amgen despite the lowered price target.
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