Why Amgen's Stock Is Trading Higher Today

Amgen, Inc. AMGN shares are trading higher on Monday after receiving an upgrade.

Raymond James analyst Dane Leone upgraded the stock from Market Perform to Outperform and announced a $255 price target.

See Also: The Week Ahead In Biotech -- Clinical Readouts, COVID-19 News Flow In Focus Amid Continuing Uncertainty

Amgen is an American multinational biopharmaceutical company headquartered in Thousand Oaks, California.

Amgen's shares were trading up 4% to $206.34 at time of publication. The stock has a 52-week high of $244.99 and a 52-week low of $166.30.

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