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Merck & Co., Inc. $MRK Shares Sold by Teacher Retirement System of Texas
The Teacher Retirement System of Texas reduced its stake in Merck & Co., Inc. (NYSE:MRK) by 9.9% in the fourth quarter. Despite this, several other institutional investors, including DLD Asset Management LP and Invesco Ltd., increased their holdings in the company. Merck has received a “Moderate Buy” consensus rating from analysts, with a target price of $128.47, and recently reported strong quarterly earnings and several positive news developments, including FDA approvals and a partnership with Google Cloud.