Jefferies initiated coverage of Merck with a Buy rating and $125 price target. The analyst says the company is in the "sweet spot" of execution and value. The loss of exclusivity for Keytruda looks mismodeled by the Street, while estimates from the company’s pulmonary arterial hypertension treatment sotatercept have upside potential, the analyst tells investors in a research note. The firm also sees Merck reaching its $11B-plus target for its HPV vaccine Gardasil.
Meet Your ETF AI Analyst
- Discover how TipRanks' ETF AI Analyst can help you make smarter investment decisions
- Explore ETFs TipRanks' users love and see what insights the ETF AI Analyst reveals about the ones you follow.
Published first on TheFly
See Insiders’ Hot Stocks on TipRanks >>
Read More on MRK:
- Merck to hold a virtual investor event
- Piper Sandler pharmaceuticals analysts to hold analyst/industry conference call
- Illumina and Myriad Genetics partner for HRD testing in the U.S.
- AstraZeneca says FDA to convene AdCom meeting on sNDA for Lynparza in mCRPC
- BeyondSpring enrolls first patient in study of Plinabulin, Keytruda, Docetaxel