BofA analyst Jason Gerberry lowered the firm’s price target on Eli Lilly (LLY) to $1,268 from $1,286 and keeps a Buy rating on the shares. The firm, which thinks shares can continue to appreciate as Lilly executes key obesity launches and de-risks new therapies in “nearly every conceivable market segment,” is shifting its valuation basis to its FY27 estimates.
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