Merck KGaA

MRK: XETR (DEU)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	€144.00	Zsbrr	Nnvnglby

Merck KGaA Turns In Strong Q2 Including Currency Rate Benefits; No Change to Fair Value Estimate

Julie Utterback

Aug 4, 2022

Narrow-moat Merck KGaA revealed solid second-quarter results and a slightly higher outlook than we had been incorporating into our model for 2022. Even after recognizing those decent trends in our model, though, we do not anticipate changing our fair value estimate at first glance. The shares continue to trade at moderately rich levels, in our opinion.

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