Merck KGaA shares fall after UBS downgrades stock to Neutral

Investing.com -- Merck KGaA (ETR:MRCG) shares fell on Thursday after UBS downgraded the German healthcare and technology group to "neutral" from "buy,", saying its recent rally had brought the stock closer to fair value while risks were building across its Healthcare business. Merck KGaA shares fell 1.45% to €136.35, underperforming Germany’s broader DAX, which was around 0.8% lower.
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Investing.com -- Merck KGaA (ETR:MRCG) shares fell on Thursday after UBS downgraded the German healthcare and technology group to "neutral" from "buy,", saying its recent rally had brought the stock closer to fair value while risks were building across its Healthcare business. Merck KGaA shares fell 1.45% to €136.35, underperforming Germany’s broader DAX, which was around 0.8% lower. UBS kept its €150 price target but said Merck's current valuation now broadly reflects the outlook for its three divisions following a strong period for the shares. The stock had gained 32% over the past 12 months and 18% year to date, according to the bank.
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- Investing.com -- Merck KGaA (ETR:MRCG) shares fell on Thursday after UBS downgraded the German healthcare and technology group to "neutral" from "buy,", saying its recent rally had brought the stock closer to fair value while risks were building across its Healthcare business. Merck KGaA shares fell 1.45% to €136.35, underperforming Germany’s broader DAX, which was around 0.8% lower.
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Merck KGaA shares fall after UBS downgrades stock to Neutral
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