Elanco price target raised to $30 from $28 at BofA

BofA raised the firm’s price target on Elanco (ELAN) to $30 from $28 and keeps a Buy rating on the shares after what the firm calls “a strong print,” exceeding both guidance and Street expectations. 2026 guidance came in broadly as expected given recent communications, adds the analyst, who sees much of the debate after earnings as centered on the “degree of conservatism” baked into the outlook.