Merck to acquire Verona Pharma for $10 billion

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Morgan Stanley Reiterates Equalweight Rating on Merck (MRK)

July 10, 2025 7:43 AM EDT

Morgan Stanley analyst Terrance Flynn reiterated an Equalweight rating and $99.00 price target on Merck (NYSE: MRK).

The analyst comments "Financials: The transaction is expected to close in 4Q25 and will result in the capitalization of most of the purchase price as an... More