Wells Fargo Maintains Equal-Weight on Amgen, Raises Price Target to $435
Wells Fargo analyst Mohit Bansal maintains Amgen (NASDAQ:AMGN) with a Equal-Weight and raises the price target from $400 to $435.
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Bill Baruch chose Amgen Inc. as his final trade, citing its strong Q2 results and raised guidance. Malcolm Ethridge recommended Chubb.
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Wells Fargo analyst Mohit Bansal maintains Amgen (NASDAQ:AMGN) with a Equal-Weight and raises the price target from $400 to $435.
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Chubb (CB) closed at $348.25, up 2.6%, outperforming the S&P 500's 1.06% gain. Analysts expect Q3 earnings of $6.22 per share (down 16.96% YoY) with revenue of $16.71 billion (up 3.59% YoY). The company holds a Zacks Rank #3 (Hold) with a Forward P/E of 12.41, trading at a premium to its industry average of 11.55.
Chubb (CB) closed at $338.31, down 1.59% from the previous day, underperforming the S&P 500's 0.72% gain. The stock has declined 5.01% over the past month. Upcoming earnings are expected to show an EPS of $6.35 (down 15.22% YoY) with revenue projected at $16.71 billion (up 3.59% YoY). Chubb holds a Zacks Rank #3 (Hold) rating with a Forward P/E of 12.51, trading at a premium to its industry average.