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Wall Street Analysts Are Neutral on Top Healthcare Picks

Analysts fell to the sidelines weighing in on Amgen (AMGNResearch Report) and Beam Therapeutics (BEAMResearch Report) with neutral ratings, indicating that the experts are neither bullish nor bearish on the stocks.

Amgen (AMGN)

BMO Capital analyst Evan Seigerman maintained a Hold rating on Amgen today and set a price target of $260.00. The company’s shares closed last Monday at $283.80, close to its 52-week high of $296.67.

According to TipRanks.com, Seigerman is a 4-star analyst with an average return of 8.9% and a 58.5% success rate. Seigerman covers the Healthcare sector, focusing on stocks such as Mirati Therapeutics, Merck & Company, and Replimune Group.

Amgen has an analyst consensus of Hold, with a price target consensus of $259.57, a -9.1% downside from current levels. In a report issued on December 1, Mizuho Securities also maintained a Hold rating on the stock with a $208.00 price target.

See Insiders’ Hot Stocks on TipRanks >>

Beam Therapeutics (BEAM)

In a report released today, Kostas Biliouris from BMO Capital maintained a Hold rating on Beam Therapeutics, with a price target of $61.00. The company’s shares closed last Monday at $44.50.

According to TipRanks.com, Biliouris is a 3-star analyst with an average return of 5.1% and a 47.6% success rate. Biliouris covers the Healthcare sector, focusing on stocks such as Crispr Therapeutics AG, Intellia Therapeutics, and Precision BioSciences.

Currently, the analyst consensus on Beam Therapeutics is a Moderate Buy with an average price target of $73.13.

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