Analysts raise Amgen target to $440 and cut American Electric Power target to $142

Wall Street analysts updated their price targets for two major US companies. UBS Group increased its objective for Amgen Inc. (NASDAQ:AMGN) from $420 to $440, indicating a potential upside of about 8% and maintaining a "buy" rating. Other firms, including TD Cowen, also lifted their Amgen targets, while consensus analysts rate the stock as a hold with an average target near $368.

Conversely, Citigroup lowered its target for American Electric Power Co. (NASDAQ:AEP) from $148 to $142, suggesting a 12% upside from the current price and assigning a "neutral" rating. Other analysts such as Raymond James, JPMorgan, Jefferies, Wells Fargo and Goldman Sachs issued varying opinions, with the overall consensus rating at "moderate buy" and an average target around $141.