Why Amgen Stock Was Sickly Today
Investors are often encouraged when one of their companies bulks up by acquiring a peer. But that sentiment can turn sour if the takeover target stumbles.
This was the impetus behind 's (NASDAQ: AMGN) nearly 3% decline on the stock market Wednesday. After divulging its latest quarterly results, the peer it plans to walk to the altar with wasn't looking very pretty.
That potential Amgen asset is pharmaceutical company Horizon Therapeutics (NASDAQ: HZNP), which published its first-quarter figures before market open.
Source Fool.com
Amgen Inc. Stock
€289.10
-1.150%
With 28 Buy predictions and not a single Sell prediction Amgen Inc. is an absolute favorite of our community.
As a result the target price of 304 € shows a slightly positive potential of 5.15% compared to the current price of 289.1 € for Amgen Inc..
