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Wednesday, October 31, 2018

Merck price target raised to $84 from $79 at Citi


Citi analyst Andrew Baum raised his price target for Merck to $84 and reiterates a Buy rating on the shares. The analyst says his 20%-plus above consensus non-GAAP earnings estimates beyond 2022 are driven by a continued view that the market underestimates Merck’s market share in the PDx and PARP spaces with Keytruda and Lynparza respectively.

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