Jefferies Lifts PT on Pharmaceuticals Stocks (ABBV) (NVS) (SNY) (PFE)

Go back to Jefferies Lifts PT on Pharmaceuticals Stocks (ABBV) (NVS) (SNY) (PFE)

Mitigated Patent Risks, Strong Pipeline Bode Well for Merck (MRK) - Cramer

April 10, 2013 11:44 AM EDT

Merck (NYSE: MRK) is trading higher amid an NDA for NOXAFIL (posaconazole) being accepted by the FDA today, as well as Jefferies boosting its price target on the name from $46 to $48 while maintaining a Hold rating.

Stock sage Jim Cramer was also... More