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Merck KGaA: Barclays still a buyer

(CercleFinance.com) - Barclays reinstates its "overweight" rating ecommendation on Merck KGaA shares, with a target price of 235 euros, raising its estimates for the group after a third quarter that was deemed "solid", along with an "encouraging" research and development (R&D) update.


"We upgrade our model to reflect higher group margins, consistent performance from Life Sciences and strong delivery from Bavencio & Mavenclad," the broker summarised.

The share is currently up about 1% in a pretty flat market in Frankfurt.


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