Merck KGaA

MRK: XETR (DEU)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	>?%	LOCK\|Z$wl	LOCK\|&FDdJ@W?

Merck KGaA: Relaunching Coverage With a EUR 148 FVE and Narrow Moat; Shares are Fairly Valued

Max Jousma

Mar 20, 2025

After taking a fresh look at Merck KGaA, we are maintaining the company’s narrow moat rating, while adjusting the fair value estimate to EUR 148 from EUR 171.

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Merck KGaA

Merck KGaA: Relaunching Coverage With a EUR 148 FVE and Narrow Moat; Shares are Fairly Valued

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