As the headline indicates, Seamus Fernandez's firm has a new 12 month target of $60 on Whitehouse Station's common stock. That's up only five per cent from the last target -- and only a percent or two above today's NYSE opening price. Significantly, Citi has a 12 month target below today's price -- at $57, though that too was an increase, for Citi.
Last week, during the holiday lull, Barclays (the optimist of the bunch, at the moment!) set $61 as its new 12 month target. [Recall that Barclays inherited the Lehman Bros. analysts -- when the latter firm imploded in 2008.] Still not very much over the current NYSE MRK trading ranges. So it goes.
[BTW, I love that Matt Herper was able to pin Merck down -- on the record -- on the Italian Zetia MD ham-handing. Sometimes, at least, the little guys get. . . heard.]
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