NEW YORK (dpa-AFX) - US research firm Bernstein Research has lowered its price target for Merck KGaA from €168 to €147, but has maintained its "market perform" rating. The quarterly figures published in mid-May largely met expectations, wrote Florent Cespedes in a review published on Tuesday. He adjusted his estimates in line with the slightly lowered outlook for the year. The expert also pointed to the lower valuations in the three business segments as reasons for the new target price. /rob/gl/edh
Publication of the original study: May 26, 2025 / 4:48 p.m. / UTC Initial distribution of the original study: May 27, 2025 / Time not specified in study / Time zone not specified in study
Merck KGaA is one of the world's leading pharmaceutical and chemical groups. Net sales break down by family of products as follows:
- solutions and products for scientific and biotechnological research (42.1%);
- pharmaceutical products (40%): prescription drugs for the treatment of diabetes, cancer, multiple sclerosis, infertility, cardiovascular disease, central nervous system disorders, inflammatory disorders, etc.;
- performance materials for the electronics industry (17.9%): semiconductor materials, liquid crystals, pigments and additives, carbon-based organic materials, etc.
Net sales are distributed geographically as follows: Germany (4.7%), Switzerland (1.9%), Europe (22.6%), the United States (25.7%), North America (1.3%), China (13.5%), Asia/Pacific (19.6%), Latin America (7%), Middle East and Africa (3.7%).
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