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AMGN Crosses Above Average Analyst Target

In recent trading, shares of Amgen Inc (AMGN) have crossed above the average analyst 12-month target price of $251.56, changing hands for $254.21/share. When a stock reaches the target an analyst has set, the analyst logically has two ways to react: downgrade on valuation, or, re-adjust their target price to a higher level..
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