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Merck's stock drops 4.9% despite a 6.8% revenue rise, analysts suggest 'Moderate Buy.'
Merck & Co., Inc. shares fell by 4.9% on Thursday after research firms downgraded the stock.
Despite missing earnings expectations, the company reported a 6.8% increase in revenue to $15.62 billion.
Analysts have a "Moderate Buy" rating on the stock with a target price of $115.50.
Merck also announced a share repurchase program, suggesting the board believes the stock is undervalued.
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Las acciones de Merck bajan un 4,9% a pesar de un aumento de ingresos del 6,8%, los analistas sugieren 'Compra Moderada'.