February 25, 2013 11:01 AM | 1 min read |
Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.
In a report published Sunday, Piper Jaffray reiterated an Overweight rating for Amgen (NASDAQ: AMGN) and raised its price target from $104 to $107.In the report, Piper Jaffray wrote, "We remain Overweight and are increasing our price target to $107 from $104 following the safety recall of Affymax's Omontys. We believe the recall has positive near and long term implications on Amgen's Epogen, translating into an additional $300-$500mn per year through 2016. In the short-term, we believe both Fresenius Medical and the MDOs/SDOs with Omontys supply agreements will return to Epogen. Longer term, we believe the Omontys recall strengthens Epogen's competitive position, as we believe it could increase the regulatory hurdle for Roche's Mircera and biosimilars at FDA, some of which have already shown unique safety signals. We believe Phase III data from TVEC in malignant melanoma (1H13) and trebananic (AMG386) PFS data in ovarian cancer (mid-2013) are Amgen's next clinical catalysts. As we and the Street assign low probability of success for these trials, we see limited downside but significant upside if data is positive."Amgen closed Friday at $86.82.
Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.
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