UBS Increases Price Target for Merck (MRK) in Sector Preview
UBS raised its price target for Merck (MRK) to $145 from $130, maintaining a Buy rating as part of its Q1 pharmaceuticals and biotechnology sector preview. The move follows Merck's announcement of a tender offer to acquire Terns Pharmaceuticals for $53 per share.
Topics: dividend stocks merger and acquisition pharmaceuticals price target stock analysis