Leerink Swann Calls Merck's (MRK) Odanacatib News a 'Positive Upside Surprise'

July 12, 2012 10:50 AM EDT
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Price: $56.22 -0.46%

Rating Summary:
    11 Buy, 12 Hold, 0 Sell

Rating Trend: = Flat

Today's Overall Ratings:
    Up: 13 | Down: 19 | New: 12
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Analysts at Leerink Swann this morning called Merck's (NYSE: MRK) early success of odanacatib a "positive upside surprise." Investors seem to be agreeing: Merck shares are up more than 4 percent at last check, marking a more than $5 billion gain in market value.

Leerink sees peak sales for odanacatib at $975 million in 2020, "depending on the final data, see global sales potential of $3B+ if MRK shows a relative reduction in hip fracture risk of 40%+."

The firm maintains an Outperform rating on Merck shares.

Visit our Analyst Ratings page on Merck to see all the market-moving analyst calls.

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