Elanco price target raised to $16 from $15 at Stifel

Stifel raised the firm’s price target on Elanco (ELAN) to $16 from $15 and keeps a Buy rating on the shares. Revisiting Q1 earnings reports across Animal Health, Dental and Sleep Apnea, the firm says that in Animal Health it continues to believe the best risk/reward resides with Elanco and argues the stock’s growth algorithm “warrants a higher multiple.”