Merck (MRK) PT Lowered to $64 at Bernstein
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Price: $119.60 +3.57%
Rating Summary:
23 Buy, 7 Hold, 1 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 7 | Down: 14 | New: 26
Rating Summary:
23 Buy, 7 Hold, 1 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 7 | Down: 14 | New: 26
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Bernstein lowered its price target on Merck (NYSE: MRK) to $64.00 (from $65.00) while maintaining a Outperform rating.
Analyst Tim Anderson defends the name noting he continues to view the IO landscape as a "fluid one" and notes risks to IO forecasts are slowing which yields a modest LT EPS growth pattern overtime.
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