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Wall Street Analysts Are Bullish on Top Healthcare Picks

Tipranks - Fri Mar 27, 6:40AM CDT

There’s a lot to be optimistic about in the Healthcare sector as 3 analysts just weighed in on Merck & Company (MRK), Amgen (AMGN) and Assembly Biosciences (ASMB) with bullish sentiments.

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Merck & Company (MRK)

Scotiabank analyst Louise Chen maintained a Buy rating on Merck & Company today and set a price target of $136.00. The company’s shares closed last Wednesday at $119.37.

According to TipRanks.com, Chen is a 4-star analyst with an average return of 3.5% and a 47.3% success rate. Chen covers the Healthcare sector, focusing on stocks such as Vertex Pharmaceuticals, Bristol-Myers Squibb, and Teva Pharmaceutical. ;'>

Merck & Company has an analyst consensus of Moderate Buy, with a price target consensus of $131.41, a 12.0% upside from current levels. In a report issued on March 19, Goldman Sachs also maintained a Buy rating on the stock with a $133.00 price target.

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Amgen (AMGN)

In a report released today, David Amsellem from Piper Sandler reiterated a Buy rating on Amgen, with a price target of $432.00. The company’s shares closed last Wednesday at $353.93.

According to TipRanks.com, Amsellem is a 4-star analyst with an average return of 6.5% and a 50.9% success rate. Amsellem covers the Healthcare sector, focusing on stocks such as Supernus Pharmaceuticals, Collegium Pharmaceutical, and Fennec Pharmaceuticals. ;'>

Amgen has an analyst consensus of Moderate Buy, with a price target consensus of $366.70, implying a 4.5% upside from current levels. In a report issued on March 11, TD Cowen also maintained a Buy rating on the stock with a $420.00 price target.

Assembly Biosciences (ASMB)

In a report released today, Patrick Trucchio from H.C. Wainwright reiterated a Buy rating on Assembly Biosciences, with a price target of $50.00. The company’s shares closed last Wednesday at $28.67.

According to TipRanks.com, Trucchio is a 5-star analyst with an average return of 23.9% and a 46.0% success rate. Trucchio covers the Healthcare sector, focusing on stocks such as Harmony Biosciences Holdings, Arrowhead Pharmaceuticals, and Alto Neuroscience, Inc. ;'>

Currently, the analyst consensus on Assembly Biosciences is a Moderate Buy with an average price target of $45.00, a 58.2% upside from current levels. In a report issued on March 24, Mizuho Securities also maintained a Buy rating on the stock with a $40.00 price target.

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