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Jefferies keeps Amgen at hold
Amgen, Inc. was given a hold rating and a $76 price target by Jefferies & Co., Inc. analyst Adam Walsh. The company announced a delay in the CERA filing for an oncology medication to 2009, from the original expectation of 2007. Amgen cited longer than expected time to execute the oncology trials as reason for the delay. Shares of the Thousand Oaks, Calif., biotechnology company were up $3.30, or 4.53%, at $6.19 on volume of 34,443,202 shares versus the three-month running average of 7,992,620 shares. (Nasdaq: AMGN)
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