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Amgen, Inc. (AMGN) Message Board

  • duckislandcove duckislandcove Feb 26, 2011 9:09 AM Flag

    Goldman's recommendation

    Funny, Goldman recommended a sell with a target price of $50....it does get down to the $50 and change area and it pops up to over $52...I guess that once Amgen hit the $50 mark, Goldman called their buddies that it is now a buy and to start buying before they make their next recommendation and put out a hold/buy with a target price of $55 or better....

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    • GS also recommended TGT in JAN when it was around 55. CNBC made a show of TGT. I was dumb enough to suck into that but the tape looked wrong. I got out with profit before it was too late. Even with the rally, TGT is still way below 55. It seems to me the public announcement is made for their clients to dump or load their position. As they worked AMGN down so low, they can load AMGN easily from retails under 55.

    • When is this recommendation (price target 50)? I remember the sell rating last Dec. but forgot the price target right before that major clinical win. I thought I was dead then but AMGN gapped up to 58. I suppose you made up the last part (price target 55).

      • 1 Reply to xxanzn
      • If my memory serves me correctly, I heard a sound bite on CNBC back in January that GS put a sell rating on AMGN when this stock was in the area of 56 to 57...right after that, it took a drop to the mid 50s and has been slowly dropping until it hit the 50 and change area...I think even the traders see this as a pop opportunity to about 55...I think AMGN's month to sink or fly will be in the month of April...

 
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