Merck Gets Another Upgrade Thanks To Keytruda

Investing.com - Goldman Sachs (NYSE:GS) is the latest Wall Street firm to upgrade Merck (NYSE:MRK) because of the blockbuster potential of its cancer drug Keytruda.The firm upgraded Merck from neutral to buy, while adding it to its list of favorite stocks. In a note to clients, Morgan Stanley (NYSE:MS) said Keytruda sales, which doubled to $3.8 billion in 2017, could soar to $16 billion by 2025.Keytruda is widely expected to gain a larger share of the market for non-small cell lung cancers. It's currently approved for lung, skin and stomach cancers, and is being tested for still others. Morgan Stanley, Barclays (LON:BARC) and Leerick Partnters have all recently upgraded the stock and/or raised their price targets. Merck shares, however, are down 5% over the past 12 months.