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Amgen falls as Truist downgrades to 'hold' on competition for experimental skin disease drug

BUZZ-Amgen falls as Truist downgrades to 'hold' on competition for experimental skin disease drug ** Shares of drugmaker Amgen AMGN.O fall 1% to $324.95 ** Truist Securities downgrades stock to "hold" from "buy", citing "extremely competitive" landscape for an experimental drug to treat atopic dermatitis or eczema ** Brokerage also raises PT to $33
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U.S. Affirm Holdings, Aptargroup, Caterpillar

U.S. RESEARCH ROUNDUP-Affirm Holdings, Aptargroup, Caterpillar Oct 14 (Reuters) - Wall Street securities analysts revised their ratings and price targets on several U.S.-listed companies including Affirm Holdings, Aptargroup and Caterpillar, on Monday. HIGHLIGHTS * Affirm Holdings Inc AFRM.O : Wedbush raises to neutral from underperform * Aptargroup Inc ATR.N : Jefferies raises to buy from hold * Caterpillar Inc CAT.N : Morgan Stanley cuts to underweight from equal-weight * Sentinelone Inc S.N :
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U.S. Aflac, Lincoln National, Prudential Financial

U.S. RESEARCH ROUNDUP-Aflac, Lincoln National, Prudential Financial Oct 9 (Reuters) - Wall Street securities analysts revised their ratings and price targets on several U.S.-listed companies, including Aflac, Lincoln National and Prudential Financial, on Wednesday. HIGHLIGHTS * Aflac Inc AFL.N : TD Cowen initiates coverage with hold rating; price target $102 * Corebridge Financial Inc CRBG.N : TD Cowen initiates coverage with buy rating * Lincoln National Corp LNC.N : TD Cowen initiates coverage
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Amgen must face lawsuit claiming it hid $10.7 billion tax bill

UPDATE 1-Amgen must face lawsuit claiming it hid $10.7 billion tax bill Adds details from decision, case citation, byline By Jonathan Stempel NEW YORK, Sept 30 (Reuters) - A federal judge said Amgen AMGN.O must face a proposed class action accusing the drugmaker of waiting too long to tell shareholders it might owe the Internal Revenue Service $10.7 billion for underreporting six years of taxes.
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Amgen must face lawsuit claiming it hid $10.7 billion tax bill

Amgen must face lawsuit claiming it hid $10.7 billion tax bill NEW YORK, Sept 30 (Reuters) - A federal judge said Amgen AMGN.O must face a proposed class action accusing the drugmaker of waiting too long to tell shareholders it might owe the Internal Revenue Service $10.7 billion in taxes and penalties. U.S. District Judge John Cronan in Manhattan ruled on Monday that shareholders plausibly alleged they were misled by Amgen's concealing the true extent of its potential liability, and that the om
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