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Amgen (NASDAQ:AMGN) Downgraded to "Hold" Rating by Freedom Capital
Freedom Capital downgraded Amgen (NASDAQ:AMGN) from a “strong-buy” to a “hold” rating. This comes despite several other analysts recently issuing “outperform” or “buy” ratings with increased price targets for the biotechnology company. Amgen’s stock opened at $369.19, has a market cap of $198.80 billion, and recently reported strong quarterly earnings, exceeding analyst expectations, with its FY 2026 guidance forecasting 21.600-23.000 EPS.