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Crossmark Global Holdings Inc. Has $24.83 Million Stock Position in Merck & Co., Inc. $MRK
Crossmark Global Holdings Inc. has reduced its stake in Merck & Co., Inc. by 7.6% in the fourth quarter, now holding 235,906 shares valued at approximately $24.83 million. Despite this trimming, Wall Street analysts maintain a “Moderate Buy” consensus rating for Merck with an average price target of $128.18, following positive quarterly results and new developments in its pipeline. However, the company faces potential litigation risk concerning its Gardasil vaccine, which could impact future sentiment.