Morgan Stanley Downgrades Merck (MRK) to Underweight

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Leerink Swann Downgrades Merck (MRK) to Market Perform

February 4, 2013 7:20 AM EST

Leerink Swann downgraded Merck (NYSE: MRK) from Outperform to Market Perform.

The firm cited: "(1) reduced prospects with the delay/uncertainty around odanacatib, (2) increasing 2013+ competition vs. Januvia & Isentress as well as the outcome of Germany's (G-BA/AMNOG) planned assessment of DPP-IV inhibitors, (3) ongoing investor... More