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Greenwood Gearhart Inc. increased its stake in Merck by 8.2%, despite the company missing EPS estimates.
Greenwood Gearhart Inc. boosted its holdings in Merck & Co., Inc. by 8.2% in the fourth quarter, acquiring 113,650 shares.
Merck reported a 6.8% rise in revenue to $15.62 billion but missed EPS estimates with $1.72.
The stock has a "Moderate Buy" rating and a target price of $115.50.
Merck, a health care company, offers products in prescription medicines, vaccines, and consumer care.
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Greenwood Gearhart Inc. aumentó su participación en Merck en un 8,2%, a pesar de que la empresa omitió las estimaciones de EPS.