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Morgan Stanley Revamps Merck Stock Target After Cancer Breakthrough
This article first appeared on GuruFocus. Merck (NYSE:MRK) slipped Thursday as Wall Street split sharply over what its latest cancer-vaccine breakthrough means for the stock. Morgan Stanley upgraded Merck to Overweight and more than doubled its price target, arguing the company is better positioned to navigate Keytruda's 2028 patent cliff, while RBC Capital Markets downgraded the shares on …