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Argus Raises Merck Price Target to $170 From $145, Keeps Buy

Merck logoMerck
Sig0.90Sen+3.20Env0.00Soc+0.90Gov0.00

Argus analyst Jasper Hellweg raised Merck’s (MRK) price target to $170 from $145 and reiterated a Buy rating. The note points to recent positive developments, including regulatory approvals, clinical progress and M&A, and expects the company to benefit from a strong pipeline featuring mRNA-4157, ifinatamab deruxtecan, opevesostat and tulisokibart.

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