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UPDATE: J.P. Morgan Raises PT on Merck & Co. to $44 (MRK)

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J.P. Morgan is out with its report today on Merck & Co. (NYSE: MRK), raising its PT from $42 to $44.

In a note to clients, J.P. Morgan writes, "We are increasing our MRK sales and EPS estimates following strong 1Q/11 results. Our new estimates are toward the high end of the company's 2011 guidance range. We are raising our PT by $2 to $44.

J.P. Morgan maintains Overweight on MRK.

Shares of MRK closed Friday at $35.95, up 0.50% from Thursday's close.

Posted-In: J.P. Morgan Merck & Co.Analyst Color Analyst Ratings

 

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