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Bullish Case: Strong product pipeline, new drug approvals driving growth. Legal battle on Enbrel pricing could reinforce market exclusivity, buoying sentiment.


Bearish Case: Potential price cap on Enbrel, insider sales, and patent expiry risks may pressure earnings and investor confidence, driving bearish momentum.


Potential Outcomes: 50% chance of near-term volatility due to legal outcomes, 30% chance of growth on strong drug sales, 20% risk of decline on pricing regulations.


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April 02, 2024


AMGEN Forecast

AMGN        AMGEN
Price Forecast: NEUTRAL    Price Action: MEAN REVERTING (?)











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