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Amgen reiterated at neutral by Credit Suisse
Amgen Inc. was reiterated at neutral with a target price of $76 by Credit Suisse analyst Mark Augustine after the company announced Aranesp phase 2 results from one of three studies in heart failure. The analyst noted in the safety study a higher rate of death in Aranesp-treated patients (six cases versus zero in the placebo group). Shares of the Thousand Oaks, Calif., biotechnology company were up $1.42, or 1.93%, at $75.01 on volume of 8,409,219 shares versus the three-month running average of 10,465,900 shares. (Nasdaq: AMGN)
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