Serono reiterated by Merrill Lynch at buy

Serono SA was reiterated by Merrill Lynch analyst Erica Whittaker at a buy rating with a price target of CHF 930 per share, or $19.60, following second-quarter earnings that showed better-than-expected top line growth and gross margin. Serono shares Wednesday on the VTX jumped $24.50, or 2.91%, to $867.00 on volume of 188,428 shares versus the three-month running average of 41,159.2 shares, and on the NYSE gained $0.96, or 5.94%, to $17.13 on volume of 355,500 shares versus the three-month running average of 126,485 shares.

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