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Amgen scales to all-time high



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** Shares of drugmaker Amgen AMGN.O rise 1.8% to $331.03 after touching a record high at $331.16

** Stock on course to log sixth session of winning streak

** UBS hikes PT on AMGN to $337 from $307, implying 3.6% upside to last close; sees higher growth potential from likely success of experimental weight-loss drug MariTide and other drugs in pipeline

** Brokerage says MariTide remains main focus for investors ahead of Q2 earnings

** In May, co said it was very encouraged after completing interim analysis of its mid-stage study of MariTide and will no longer develop its oral obesity candidate AMG786

** AMGN up ~18% since announcement of positive MariTide results

** 16 brokerages rate the stock "buy" or higher, 13 "hold" and two "sell" or lower; their median PT is $332 - LSEG data

** AMGN up 14.7% YTD, including sessions gains



Reporting by Roshan Abraham

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