Merck & Co., Inc. (NYSE:MRK) was upgraded by stock analysts at Vetr from a “hold” rating to a “buy” rating in a report issued on Tuesday, Analyst Ratings.Net reports. The firm presently has a $55.09 price target on the stock. Vetr‘s price target indicates a potential upside of 5.44% from the stock’s current price.
Several other analysts have also recently weighed in on the company. Barclays raised Merck & Co. from an “equal weight” rating to an “overweight” rating and boosted their price objective for the stock from $64.00 to $66.00 in a report on Tuesday, December 1st. Atlantic Securities started coverage on Merck & Co. in a research report on Friday, December 18th. They set a “neutral” rating for the company. Credit Suisse decreased their target price on Merck & Co. from $61.00 to $59.00 in a research report on Thursday, December 17th. Jefferies Group boosted their target price on Merck & Co. to $57.00 and gave the stock a “hold” rating in a research report on Monday, December 7th. Finally, Bank of America lowered Merck & Co. from a “buy” rating to a “neutral” rating and boosted their target price for the stock from $51.45 to $55.00 in a research report on Wednesday, January 27th. One equities research analyst has rated the stock with a sell rating, twelve have issued a hold rating and six have assigned a buy rating to the company. The company has an average rating of “Hold” and a consensus target price of $59.34.
Source: American Banking and Market News