BioCentury on BioBusiness,
Analyst Picks & Changes
Analyst picks & changes
Published on
Monday, September 17, 2012
|
Company
|
Bank
|
Analyst
|
Coverage
|
Opinion
|
Wk
chg
|
9/14
cls
|
|
Amgen
Inc. (NASDAQ:AMGN)
|
Baird
|
Christopher
Raymond
|
Downgrade
|
Neutral
(from outperform)
|
-3%
|
$81.36
|
|
Raymond
said Amgen's story is "largely played-out" in the near/intermediate
term, but raised his target to $84 from $83 based on a 12.5x multiple to his
2013 EPS estimate of $6.99. Raymond noted Amgen's stock price has increased
more than 75% since August 2011, and added that the company is near the end
of its stock repurchase plan, which he believes has been a key driver of the
company's price in recent quarters. Raymond said value-enhancing pipeline
events are still "a ways off."
|
|
Oncolytics
Biotech Inc. (TSX:ONC; NASDAQ:ONCY)
|
Bloom
Burton
|
Philippa
Flint
|
Price
target
|
Buy
|
-17%
|
C$2.33
|
118
words displayed of
520
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