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UPDATE: Jefferies Raises PT on Merck & Co. on Positive Outlook

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In a report published Wednesday, Jefferies analyst Jeffrey Holford reiterated a Hold rating on Merck & Co. (NYSE: MRK), and raised the price target from $46.00 to $48.00.

In the report, Holford noted, “We remain positive on Pharmaceuticals and see valuation as attractive for most stocks. Our Top Pick in the US is AbbVie, with Novartis being our most preferred name in Europe. Sanofi, Roche and Pfizer remain high conviction Buy ratings. We point to Eli Lilly and GlaxoSmithKline as least preferred names.”

Merck & Co. closed on Tuesday at $45.51.

Latest Ratings for MRK

DateFirmActionFromTo
Sep 2014JefferiesMaintainsHold
Aug 2014Deutsche BankInitiates Coverage onHold
Aug 2014JefferiesMaintainsHold

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Posted-In: JefferiesAnalyst Color Price Target Analyst Ratings

 

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