Amgen Inc. (NASDAQ:AMGN) Given Consensus Recommendation of "Moderate Buy" by Brokerages

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Amgen Inc. (NASDAQ:AMGN) has received a “Moderate Buy” consensus rating from analysts, with an average 1-year target price of $351.65. This follows strong quarterly earnings that surpassed expectations, and the company’s decision to increase its quarterly dividend to $2.52 per share. Despite some insider selling, institutional investors have increased their holdings, reflecting continued confidence in the biotechnology firm.

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