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Merck stock price hits a 52-week high on Deutsche Bank upgrade as MRK heads into holiday week
Merck & Co Inc (MRK) stock reached a new 52-week high after a Deutsche Bank upgrade set a $150 price target, despite concerns about patent expirations for its top-selling drug, Keytruda. The company continues to release positive oncology data and is working to address Wall Street’s “disconnect” regarding its legacy drugs. Investors are closely watching Tuesday’s market open and Merck’s first-quarter results on April 30 for further guidance on its post-Keytruda strategy.