HSBC upgraded Merck (MRK) to Buy from Hold with a $130 price target The firm believes Merck’s current valuation provides a significant margin of safety. The main focus for the market for Merck in 2025 will be around stabilization of Gardasil revenues in China, update of sub-cutaneous Keytruda and the launch trajectory of Winrevir, the analyst tells investors in a research note. The firm says that despite its track record, the pipeline success will not be reflected in the estimates and multiples until the early evidence of success is presented.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on MRK:
- Dow Jones Drops amid New Economic Data
- Merck: FDA grants Breakthrough Therapy designation to sacituzumab tirumotecan
- Merck ZENITH data beat expert expectations, says Guggenheim
- Merck reports ‘positive’ results from Phase 3 ZENITH trial evaluating Winrevair
- Merck (MRK) Recommends that Shareholders Reject TRC Capital’s Mini-Tender Offer