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Eli Lilly price target raised to $590 from $500 at Barclays

Barclays analyst Carter Gould raised the firm’s price target on Eli Lilly to $590 from $500 and keeps an Overweight rating on the shares post the Q2 report. The analyst says Mounjaro is approaching a $4B run-rate, giving the firm increased conviction in is $10B 2024 outlook.

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