Merck & Co. Inc. (MRK) Shares Likely to Rise: Barron's
Merck & Co. Inc. (NYSE:MRK - News) shares could rise to $70 by 2010 if the drugmaker continues to deliver on its promise of double-digit earnings growth, Barron's said in its October 29 edition.
Merck's earnings could hit $4 per share by 2010, the magazine said. It added that Morgan Stanley analyst Jami Rubin, who rates Merck shares overweight, thinks it might reach that level a year sooner.
Applying its current multiple of 17.5 times prospective earnings to $4 a share would put the stock at $70, a 23 percent premium to its current share price of about $57, the magazine said.
Merck's earnings could hit $4 per share by 2010, the magazine said. It added that Morgan Stanley analyst Jami Rubin, who rates Merck shares overweight, thinks it might reach that level a year sooner.
Applying its current multiple of 17.5 times prospective earnings to $4 a share would put the stock at $70, a 23 percent premium to its current share price of about $57, the magazine said.
Labels: Barron's, Merck and Co. Inc., MRK
posted by Stock Administrator @ 5:44 PM
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