Credit Suisse Maintains Their Buy Rating on Merck & Company (MRK)

By Austin Angelo

In a report released today, Lorenzo Biasio from Credit Suisse maintained a Buy rating on Merck & Company (MRKResearch Report), with a price target of $95.00. The company’s shares closed last Friday at $77.67.

According to TipRanks.com, Biasio is a 5-star analyst with an average return of 9.1% and a 64.5% success rate. Biasio covers the Healthcare sector, focusing on stocks such as Coherus Biosciences, Pfizer, and Mylan.

Currently, the analyst consensus on Merck & Company is a Strong Buy with an average price target of $92.40, representing a 17.2% upside. In a report issued on April 23, Mizuho Securities also maintained a Buy rating on the stock with a $100.00 price target.

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The company has a one-year high of $92.64 and a one-year low of $65.25. Currently, Merck & Company has an average volume of 14.48M.

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Merck & Co., Inc. engages in the provision of health solutions through its prescription medicines, vaccines, biologic therapies, animal health, and consumer care products. It operates through the following segments: Pharmaceutical, Animal Health, Healthcare Services, and Alliances. The Pharmaceutical segment includes human health pharmaceutical and vaccine products. The Animal Health segment discovers, develops, manufactures, and markets animal health products, such as pharmaceutical and vaccine products, for the prevention, treatment and control of disease in livestock and companion animal species. The Healthcare Services segment offers services and solutions that focus on engagement, health analytics, and clinical services to improve the value of care delivered to patients. The Alliances segment includes results from the company’s relationship with AstraZeneca LP related to sales of Nexium and Prilosec. The company was founded in 1891 and is headquartered in Kenilworth, NJ.