Merck Lowered to Hold as Quarter EPS Beats Estimates and Revenue Rises
Merck reported quarterly EPS of ($0.13), beating analysts’ ($0.26) consensus, with revenue up 5.1% year over year. The stock has a consensus Moderate Buy with an average target price of $151.32, but Wall Street Zen lowered the rating to Hold and Royal Bank of Canada cut its stance to sector perform while raising its target. Insiders sold 228,238 shares as major investors added holdings.