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Analysts Offer Insights on Healthcare Companies: Exelixis (EXEL), American Well (AMWL) and Merck & Company (MRK)

Companies in the Healthcare sector have received a lot of coverage today as analysts weigh in on Exelixis (EXELResearch Report), American Well (AMWLResearch Report) and Merck & Company (MRKResearch Report).

Exelixis (EXEL)

In a report released yesterday, Jason Gerberry from Bank of America Securities maintained a Buy rating on Exelixis, with a price target of $27.00. The company’s shares closed last Friday at $21.11.

According to TipRanks.com, Gerberry is a 1-star analyst with an average return of -1.2% and a 42.2% success rate. Gerberry covers the Healthcare sector, focusing on stocks such as Harmony Biosciences Holdings, Bausch Health Companies, and Tarsus Pharmaceuticals.

Exelixis has an analyst consensus of Moderate Buy, with a price target consensus of $26.21.

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American Well (AMWL)

In a report released yesterday, David Larsen from BTIG maintained a Hold rating on American Well. The company’s shares closed last Friday at $1.09, close to its 52-week low of $0.93.

According to TipRanks.com, Larsen has 0 stars on 0-5 stars ranking scale with an average return of -8.7% and a 29.8% success rate. Larsen covers the Healthcare sector, focusing on stocks such as Apollo Medical Holdings, Privia Health Group, and P3 Health Partners.

Currently, the analyst consensus on American Well is a Hold with an average price target of $2.43, representing a 131.4% upside. In a report issued on October 19, Wells Fargo also reiterated a Hold rating on the stock with a $2.00 price target.

Merck & Company (MRK)

Bank of America Securities analyst Geoff Meacham reiterated a Buy rating on Merck & Company yesterday and set a price target of $130.00. The company’s shares closed last Friday at $102.67.

According to TipRanks.com, Meacham is a 4-star analyst with an average return of 2.9% and a 49.3% success rate. Meacham covers the Healthcare sector, focusing on stocks such as Amylyx Pharmaceuticals Inc, Rani Therapeutics Holdings, and Neumora Therapeutics, Inc.

Currently, the analyst consensus on Merck & Company is a Strong Buy with an average price target of $124.79, a 24.8% upside from current levels. In a report released yesterday, Citi also reiterated a Buy rating on the stock with a $130.00 price target.

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