Truist Securities Maintains Buy on Merck & Co, Lowers Price Target to $116
Portfolio Pulse from richadhand@benzinga.com
Truist Securities analyst Robyn Karnauskas has maintained a 'Buy' rating on Merck & Co (NYSE:MRK), but lowered the price target from $118 to $116.
July 20, 2023 | 2:30 pm
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NEUTRAL IMPACT
Merck & Co's price target has been lowered from $118 to $116 by Truist Securities, though the 'Buy' rating is maintained.
The news is directly about Merck & Co and is likely to influence investor sentiment. The lowering of the price target might suggest a slightly less optimistic outlook, but the maintained 'Buy' rating indicates that the analyst still sees potential in the stock. This could lead to mixed reactions in the market, hence the neutral score.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100