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Fly News Breaks for January 21, 2020
AMGN
Jan 21, 2020 | 07:57 EDT
Oppenheimer analyst Jay Olson raised his price target for Amgen to $260 from $250 after the company provided a business update highlighting a "strong" year of execution in 2019 with an "encouraging outlook" for 2020. The analyst expects management to remain financially disciplined while he forecasts steady cash flows and operating margin expansion. Olson has an Outperform rating on the shares.
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