HSBC Initiates Coverage On Merck & Co with Hold Rating, Announces Price Target of $123
Portfolio Pulse from richadhand@benzinga.com
HSBC analyst Rajesh Kumar has initiated coverage on Merck & Co (NYSE:MRK) with a Hold rating and a price target of $123.
July 14, 2023 | 8:52 am
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HSBC has initiated coverage on Merck & Co with a Hold rating and a price target of $123.
The initiation of coverage by HSBC with a Hold rating suggests that the bank sees the stock as fairly valued at current levels. The price target of $123 indicates where they believe the stock will trade in the near future. This could influence investor sentiment and potentially impact the stock's price in the short term.
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IMPORTANCE 70
RELEVANCE 100