In a report released today, Alex Arfaei from BMO Capital assigned a Buy rating to Merck & Company (NYSE: MRK), with a price target of $70. The company’s shares opened today at $59.54.
According to TipRanks.com, Arfaei is a 4-star analyst with an average return of 4.9% and a 65.3% success rate. Arfaei covers the Healthcare sector, focusing on stocks such as Eli Lilly & Co, Bristol Myers, and AstraZeneca.
Merck & Company has an analyst consensus of Moderate Buy, with a price target consensus of $67.33.
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Based on Merck & Company’s latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $10.14 billion and net profit of $736 million. In comparison, last year the company earned revenue of $9.34 billion and had a net profit of $1.55 billion.
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