Oct 12 (Reuters) - :
* Jefferies cuts AstraZeneca PLC price target to 3,000p from 3,100p;
rating hold
* Jefferies raises Pfizer price target to $28 from $26; rating buy
* Jefferies raises Merck price target to $47 from $44; rating hold
* Jefferies raises Bayer AG price target to 71 euros from 65 euros;
rating hold
* Jefferies raises Eli Lilly price target to $36 from $35; rating
underperform
* Jefferies cuts Glaxosmithkline Plc price target to 1,470p from
1,550p; rating hold
For a summary of rating actions and price target changes on European companies:
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