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Wells Fargo Maintains a Buy Rating on Merck & Company (MRK)

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Wells Fargo analyst Mohit Bansal maintained a Buy rating on Merck & Company (MRKResearch Report) today and set a price target of $90.00. The company’s shares closed last Tuesday at $79.15.

According to TipRanks.com, Bansal is a 4-star analyst with an average return of 7.6% and a 52.9% success rate. Bansal covers the Healthcare sector, focusing on stocks such as Gilead Sciences, Eli Lilly & Co, and Bristol Myers.

Merck & Company has an analyst consensus of Strong Buy, with a price target consensus of $93.10, which is a 17.4% upside from current levels. In a report issued on March 17, Mizuho Securities also maintained a Buy rating on the stock with a $100.00 price target.

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Based on Merck & Company’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $13.52 billion and net profit of $3.76 billion. In comparison, last year the company earned revenue of $10.95 billion and had a GAAP net loss of $2.09 billion.

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Merck & Co., Inc. develops pharmaceutical and vaccine products. It also offers healthcare solutions and vaccines addressing animal health. The company was founded in 1891 and is headquartered in Kenilworth, NJ.

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