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AMGN

Amgen

$203.46

-1.38 (-0.67%)

16:03
10/23/19
10/23
16:03
10/23/19
16:03

Amgen recommends against unsolicited mini-tender offer from TRC Capital

Amgen has been notified of an unsolicited "mini-tender" offer dated Oct. 11, made by TRC Capital, a private Canadian investment company, to purchase up to 500,000 shares of Amgen's common stock beginning on Oct. 14. TRC Capital's unsolicited "mini-tender" offer price of $192.00 per share is approximately 4.38% below the $200.80 per share closing price of Amgen's common stock on Oct. 11, the last trading day prior to the commencement of the offer. Amgen is not affiliated in any way with TRC Capital, the offer, or the offer documentation. Amgen recommends against shareholders tendering shares in response to this unsolicited offer. TRC Capital has made many similar "mini-tender" offers for the shares of other companies.

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    Oct

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    Dec

AMGN Amgen
$203.46

-1.38 (-0.67%)

10/16/19
BOFA
10/16/19
INITIATION
Target $215
BOFA
Neutral
Amgen reinstated with a Neutral at BofA/Merrill
BofA/Merrill analyst Geoff Meacham reinstated coverage of Amgen with a Neutral rating and $215 price target. The analyst has a "general lack of enthusiasm over the growth profile due to erosion from legacy brands," but also sees a promising, early stage pipeline for Amgen.
10/14/19
BERN
10/14/19
INITIATION
BERN
Outperform
Amgen resumed with an Outperform at Bernstein
Bernstein analyst Aaron Gal resumed coverage of Amgen with an Outperform rating. His analysis of the U.S. infused oncology market suggests biosimilars will be quickly adopted. The analyst believes Amgen looks "especially well-positioned" with existing commercial infrastructure, early entry on Herceptin and Avastin, familiarity with dynamics from defending Neulasta. When EU adoption is added, this business adds10% to Amgen top line, he contends.
10/09/19
SBSH
10/09/19
NO CHANGE
Target $130
SBSH
Buy
Mirati Q4 data could send stock 'meaningfully higher,' says Citi
Citi analyst Yigal Nochomovitz continues to have favorable expectations for Mirati Therapeutics' (MTRX) initial MRTX849 data in Q4 and believes that a response rate in non-small-cell lung carcinoma in line with Amgen's (AMGN) ~50% should drive the stock "meaningfully higher." In addition, given the small sample size, the analyst believes that a slightly lower potential response rate, like in the 35%-40% range, "should not by default be viewed as inferior." He keeps a Buy rating on Mirati shares with a $130 price target.
09/30/19
JPMS
09/30/19
NO CHANGE
JPMS
Neutral
Amgen colorectal cancer update 'underwhelming,' says JPMorgan
Amgen's updated AMG 510 KRAS data presented over the weekend did little to boost expectations for monotherapy treatment in colorectal cancer, JPMorgan analyst Cory Kasimov tells investors in a research note. Most of the early enthusiasm for the KRAS class is for lung cancer, and this is likely to remain the case for the time being, adds the analyst. He views Amgen's weekend update as "underwhelming" and keeps a Neutral rating on the shares. Kasimov thinks the colorectal cancer indication will ultimately require a combo approach.

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ALB

Albemarle

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CBMG

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SNIRF

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SOLVY

Solvay

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BOX

Box

$16.45

-0.495 (-2.92%)

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CTVA

Corteva

$26.74

0.54 (2.06%)

05:30
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Initiation
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IFJPY

Informa

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LPKFF

LPKF Laser & Electronics

$0.00

(0.00%)

05:29
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05:29
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ETN

Eaton

$91.87

-0.35 (-0.38%)

05:28
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COVTY

Covestro

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(0.00%)

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PPRUY

Kering

$0.00

(0.00%)

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FCAU

Fiat Chrysler

$16.11

-0.1 (-0.62%)

05:26
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PUGOY

Peugeot

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UAVS

Ageagle Aerial Systems

$0.42

0.0385 (10.13%)

05:25
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Conference/Events
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NNGRY

NN Group

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(0.00%)

05:25
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ERJ

Embraer

$17.10

-0.22 (-1.27%)

05:23
11/12/19
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Earnings
Embraer backs FY20 revenue view of $2.5B-$2.8B »

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PRBZF

Premium Brands

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05:22
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ERJ

Embraer

$17.10

-0.22 (-1.27%)

05:21
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Embraer backs FY19 revenue guidance of $5.3M-$5.7M, consensus $5.37M »

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OZMLF

Oz Minerals

$0.00

(0.00%)

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SESN

Sesen Bio

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  • 12

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ERJ

Embraer

$17.10

-0.22 (-1.27%)

05:19
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Earnings
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AAXN

Axon

$64.41

-0.95 (-1.45%)

05:18
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Axon analyst commentary  »

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  • 09

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INFO

IHS Markit

$68.90

-0.72 (-1.03%)

05:18
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PLNT

Planet Fitness

$67.73

-0.7 (-1.02%)

05:16
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05:15
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