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Wells Fargo Keeps Their Buy Rating on Merck & Company (MRK)

Tipranks - Tipranks - Thu Aug 6, 7:02AM CDT

In a report released today, Mohit Bansal from Wells Fargo maintained a Buy rating on Merck & Company, with a price target of $150.00.

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According to TipRanks, Bansal is a 5-star analyst with an average return of 10.4% and a 58.91% success rate. Bansal covers the Healthcare sector, focusing on stocks such as Merck & Company, Gilead Sciences, and Pfizer.

In addition to Wells Fargo, Merck & Company also received a Buy from Barclays’s Emily Field in a report issued today. However, on July 22, Bernstein maintained a Hold rating on Merck & Company (NYSE: MRK).

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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 $16.29 billion and a GAAP net loss of $4.24 billion. In comparison, last year the company earned a revenue of $15.62 billion and had a net profit of $5.08 billion

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