Elanco price target raised to $19 from $18 at Barclays

Barclays raised the firm’s price target on Elanco to $19 from $18 and keeps an Overweight rating on the shares. The company’s 2024 guidance and Q4 report “was balanced,” enough to hold the stock steady post a 90% raise in the last four months, the analyst tells investors in a research note. The firm believes the stock’s stock momentum will sustain as steady execution continues.