Analysts Morgan Stanley upgraded Merck & Co. (MRK) to Overweight and raised target price to $179, citing strong cancer drug pipeline
Morgan Stanley has upgraded Merck's stock to overweight, citing confidence in its drug pipeline to sustain growth despite the impending expiration of the Keytruda patent in 2028. The firm raised its price target for Merck shares to $179, indicating a potential 17% upside.