Merck KGaA (MKGAY) Upgraded at Bank of America Corp.
Merck KGaA (NASDAQ:MKGAY) was upgraded by stock analysts at Bank of America Corp. from a “neutral” rating to a “buy” rating in a research note issued to investors on Friday.
MKGAY has been the topic of several other reports. Berenberg Bank lowered Merck KGaA from a “buy” rating to a “hold” rating in a research note on Friday, August 12th. Credit Suisse Group AG upgraded Merck KGaA from a “neutral” rating to an “outperform” rating and set a $73.00 price target on the stock in a research note on Wednesday, August 10th. Jefferies Group restated a “hold” rating and set a $57.00 price target (up from $53.00) on shares of Merck KGaA in a research note on Wednesday, August 10th. Finally, BMO Capital Markets restated a “market perform” rating on shares of Merck KGaA in a research note on Monday, July 18th. Three investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of $65.00.
Shares of Merck KGaA (NASDAQ:MKGAY) opened at 35.23 on Friday. The company has a 50-day moving average price of $35.69 and a 200 day moving average price of $33.57. The firm has a market capitalization of $46.00 billion and a PE ratio of 29.72. Merck KGaA has a 52-week low of $26.91 and a 52-week high of $37.16.
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