Deutsche Bank Aktiengesellschaft has upgraded Merck & Co., Inc. (NYSE:MRK) to a “buy” rating from “hold,” setting a new price target of $150.00, suggesting a potential upside of approximately 25.78%. This upgrade follows Merck’s strong Q4 earnings, which surpassed analyst estimates with an EPS of $2.04 and revenue of $16.4 billion. Despite recent insider stock sales totaling about $38.3 million by the CFO and CEO, institutional investors have increased their holdings in the company.
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Merck & Co., Inc. (NYSE:MRK) Upgraded to Buy at Deutsche Bank Aktiengesellschaft
Deutsche Bank Aktiengesellschaft has upgraded Merck & Co., Inc. (NYSE:MRK) to a “buy” rating from “hold,” setting a new price target of $150.00, suggesting a potential upside of approximately 25.78%. This upgrade follows Merck’s strong Q4 earnings, which surpassed analyst estimates with an EPS of $2.04 and revenue of $16.4 billion. Despite recent insider stock sales totaling about $38.3 million by the CFO and CEO, institutional investors have increased their holdings in the company.