Eli Lilly & Co (LLY) Received its Third Buy in a Row
After Cantor Fitzgerald and J.P. Morgan gave Eli Lilly & Co (NYSE: LLY) a Buy rating last month, the company received another Buy, this time from Barclays. Analyst Geoff Meacham maintained a Buy rating on Eli Lilly & Co today and set a price target of $120. The company’s shares closed yesterday at $107.91.
According to TipRanks.com, Meacham is a 4-star analyst with an average return of 4.8% and a 53.5% success rate. Meacham covers the Healthcare sector, focusing on stocks such as Bausch Health Companies Inc, Alexion Pharmaceuticals, and United Therapeutics.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Eli Lilly & Co with a $111.45 average price target, implying a 3.3% upside from current levels. In a report issued on October 8, Guggenheim also initiated coverage with a Buy rating on the stock with a $132 price target.
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The company has a one-year high of $116.61 and a one-year low of $73.69. Currently, Eli Lilly & Co has an average volume of 4.03M.
Based on the recent corporate insider activity of 132 insiders, corporate insider sentiment is negative on the stock.
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