BMO is not alone in that view, by any stretch -- but lately Merck has seen more trimming of NYSE share price targets, than ramp-ups re the same, from the firms officing at Wall and Broad. Here's a bit of the item, then:
. . . .Merck & Co.: BMO Capital upgraded Merck to Outperform from Market Perform following the recent pullback on the belief that shares are near a bottom; BMO says consensus estimates have come down and that a number of new data catalysts could move the shares higher. The firm has upped its price target for Merck stock to $50 from $48. . . .
We promise to keep you informed, but this is a welcome bit of sunshine, after a relatively tough week at Merck HQ.
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