Credit Suisse upgraded its rating on shares of Merck & Co. (MRK) Wednesday morning from a "Neutral" to an "Outperform."
Merck & Co. gapped up Wednesday and climbed during the first half hour of trade. The stock was range-bound for the remainder of the session and closed higher by $1.38 at $38.93. Merck rose above a one-month range and set a new high for the year.
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