Merck KGaA Stock Price Under Pressure Following Downgrade
Merck KGaA’s stock price has declined in recent trading sessions following a downgrade by investment firm Stifel. The company’s shares have fallen to 108.10 euros, nearing the June low.
Market Performance
The DAX index, which Merck KGaA is a part of, has also experienced a decline. However, the index has since recovered some losses. The overall market trend has been positive, driven by positive economic data, including:
- An increase in the Sentix economic index
- Industrial production growth
Analyst Recommendations
Some analysts are advising investors to sell Merck KGaA stock, citing the recent downgrade and decline in stock price.