UPDATE: Citi Raises Price Target on Amgen to $73

By John Harris
Benzinga Staff Writer
December 27, 2011 8:21 AM

Symbols: AMGN

Tags: Citi

Posted in: Analyst Color, Price Target, Analyst Ratings

According to Citi, Amgen (NASDAQ: AMGN) target price is raised to $73.

Citi said that it has updated its model to reflect Amgen's recent debt offering, share repurchase, and dividend increase. “We reiterate our Buy rating, but over the short term we believe the stock will establish a trading range.”

Amgen closed yesterday at $63.44.

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UPDATE: Citi Raises Price Target on Amgen to $73

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