Merck stock price hits a 52-week high on Deutsche Bank upgrade as MRK heads into holiday week
Merck shares rose 1.8% to $121.41 Friday after Deutsche Bank upgraded the stock and raised its price target to $150. The stock hit a 52-week high of $123.33 before markets closed for the Presidents Day holiday. Merck plans to present new bladder and kidney cancer data at the ASCO GU meeting later this month. Chief marketing officer Chirfi Guindo sold 10,000 shares earlier in the week, according to a regulatory filing.