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Merck & Co., Inc. (NYSE:MRK) is included among the 15 Best Boring Dividend Stocks to Buy.
Photo by Vitaly Taranov connected Unsplash
On November 24, Wells Fargo upgraded Merck & Co., Inc. (NYSE:MRK) to Overweight from Equal Weight, raising its terms people to $125 from $90, according to a study by The Fly. The firm cited recent concern developments, pipeline advancements, and caller merchandise launches, noting that Merck is well-positioned to offset the expected nonaccomplishment of exclusivity for Keytruda and turn gross into the early 2030s. Wells besides highlighted that the company is entering a “catalyst-rich period” over the adjacent 12–18 months, with aggregate pipeline readouts expected.
In related news, Merck & Co., Inc. (NYSE:MRK) announced connected November 14 that it volition acquire Cidara Therapeutics successful an astir $9.2 cardinal deal. The acquisition gives Merck entree to an experimental flu attraction arsenic part of its strategy to diversify up of Keytruda’s patent expiration. Since 2021, the institution has astir tripled its late-stage pipeline done interior development and large acquisitions, including the $11.5 billion purchase of Acceleron for the pulmonary arterial hypertension drug Winrevair.
Merck & Co., Inc. (NYSE:MRK)’s management estimates its 20-drug developmental pipeline could collectively make up to $50 cardinal in yearly revenue astatine peak, though afloat realization is expected by the mid-2030s.
On November 18, Merck besides announced a 4.9% summation successful its quarterly dividend to $0.85 per share, marking the 15th consecutive year of dividend growth.
Merck & Co., Inc. (NYSE:MRK) is simply a pharmaceutical institution recognized for its beardown oncology portfolio, and it also produces diabetes treatments, an HPV vaccine, and a chickenpox vaccine.
While we admit the imaginable of MRK arsenic an investment, we judge definite AI stocks connection greater upside imaginable and transportation little downside risk. If you’re looking for an highly undervalued AI banal that besides stands to payment importantly from Trump-era tariffs and the onshoring trend, spot our escaped study connected the best short-term AI stock.
READ NEXT: 15 Best Long Term Stocks to Buy According to Reddit and 15 Best Stocks to Buy for Medium Term
Disclosure: None.
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