Some of the biggest stock winners in this week's volatile market action included two big pharmaceutical names analysts expect to rally in the months ahead. Stocks staged a historic rally on Thursday, with the S & P 500 posting one of its largest-ever intraday reversals from a low, as investors weighed fresh inflation data that came in hotter than expected.
After rallying nearly 12% this year, the consensus price target on the stocks suggests that shares should remain rangebound in the near future, and just 26% of analysts say the name is a buy. The stock got an upgrade to overweight by Morgan Stanley this week , viewing Amgen as a defensive name going forward. Walgreens Boots Alliance also made the list. The drugstore chain's stock gained 10.
Business Business Latest News, Business Business Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: CNN - 🏆 4. / 95 Read more »