After Guggenheim and Credit Suisse gave Merck & Company (NYSE: MRK) a Buy rating last month, the company received another Buy, this time from Barclays. Analyst Geoff Meacham maintained a Buy rating on Merck & Company today and set a price target of $78. The company’s shares closed yesterday at $68.37.
According to TipRanks.com, Meacham is a 4-star analyst with an average return of 4.8% and a 53.5% success rate. Meacham covers the Healthcare sector, focusing on stocks such as Bausch Health Companies Inc, Alexion Pharmaceuticals, and United Therapeutics.
Merck & Company has an analyst consensus of Strong Buy, with a price target consensus of $74.71, a 9.3% upside from current levels. In a report issued on October 8, Guggenheim also initiated coverage with a Buy rating on the stock with a $84 price target.
The company has a one-year high of $72.89 and a one-year low of $52.83. Currently, Merck & Company has an average volume of 8M.
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