Elanco price target raised to $15 from $13 at Stifel

Stifel raised the firm’s price target on Elanco (ELAN) to $15 from $13 and keeps a Buy rating on the shares. A “solid quarter and prudent 2025 guidance” led to a big move in Elanco’s stock, but the stock appreciation comes off depressed levels, the analyst tells invesstors. Elanco is still only trading modestly above its Pre-Liberation Day levels, but the firm would argue “the business is in a better place,” the analyst added.