Jefferies Still At "Hold" -- But New Target Is. . . $69!

Back in November 2014, we mentioned that for 18 months the firm had "see-sawed" its target between $58 and $63 -- always keeping a "hold" rating.

Well, the hold still applies, but they've now called for an 11 per cent upside, on the 12 month price target for Merck. Nice. The item, then:

. . . .Analysts at Jefferies. . . boosted their price objective from $65.00 to $69.00 in a report issued on Thursday. The firm currently has a “hold” rating on the stock. Jefferies Group’s target price would suggest a potential upside of 11.51% from the stock’s previous close. . . .

We will keep you posted. Drive safely out there.