Amgen (AMGN +1.3%) ticks up this morning following an upgrade to Buy on valuation at Deutsche Bank ahead of its earnings report tomorrow. The firm says that despite the stock's strong move this year - from $67 in early June to its current $88 handle - it still trades at a discount to its peers and has a solid pipeline to spur continued growth. Deutsche also expects the dividend to continue to improve, and anticipates a dividend yield of 3% by 2014.
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