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Fly News Breaks for July 28, 2016
AMGN
Jul 28, 2016 | 08:33 EDT
Leerink analyst Geoffrey Porges raised his price target for Amgen to $201 from $186 after the company reported Q2 results, beating consensus for revenue by 2% and beating by 3% on EPS. Nonetheless, the analyst believes Amgen is "challenged" by increasing competitive risks and uncertainties, with limited pipeline upside to offset them. He reiterates a Market Perform on the shares.
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