Merck Will Continue to Face Currency, Product Development, and Liquid Crystal Headwinds in 2018
Merck KGaA’s year-end results fell mostly in line with our expectations, which were already at the low end of management’s outlook. Based in large part on negative currency effects, management’s guidance of an approximate 4% to 6% decline in EBITDA for 2018 falls below our forecast. We anticipate a slight reduction in our fair value estimate as we adjust our projections, especially for the performance materials division. We also plan to lower our Bavencio forecast following Merck’s recent phase ...
Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.
Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.
We have operations in 27 countries.
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.