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Eli Lilly Stock Moves Lower on Rare Double Downgrade
LLYLilly(LLY) Schaeffers Investment Research·2025-04-28 23:19

Eli Lilly And Co (NYSE:LLY) stock is 1.6% lower to trade at 870.31atlastcheck,afterararedoubledowngradefromHSBCto"reduce"from"buy,"andaprice−targetcutto870.31 at last check, after a rare double downgrade from HSBC to "reduce" from "buy," and a price-target cut to 700 from 1,150.Theanalystincoveragecitedstrongcompetitionand valuationconcerns. Comingintotoday,themajorityofanalystswerebullishtowardtheequity.Infact,22of25firmsincoveragesporta"buy"orbetterrating,whilethe12−monthconsensustargetpriceof1,150. The analyst in coverage cited strong competition and valuation concerns. Coming into today, the majority of analysts were bullish toward the equity. In fact, 22 of 25 firms in coverage sport a "buy" or better rating, while the 12-month consensus target price of 998.05 is a 14.3% premium to current levels.Despite today' ...