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2 Reasons Why Citi Downgraded Merck (MRK) to Neutral Today, Opened a Negative Catalyst Watch
November 29, 2021 6:45 AM ESTShares of Merck (NYSE: MRK) are down 1.7% in pre-open Monday after Citi analyst Andrew Baum downgraded to Neutral from Buy with a price target of $85.00 per share from the prior $105.00.
First, the analyst sees a high probability that Merck will terminate islatravir development in the coming months amid strong regulatory... More
