Wells Fargo analyst Mohit Bansal raised the firm’s price target on Eli Lilly to $700 from $650 and keeps an Overweight rating on the shares. Consensus 2024 revenues of $39.1B/adjusted EPS of $12.34 look achievable to the firm, but Lilly may guide conservative consistent with 2023. If this is the case, Wells wouldn’t overly read into it and could see buying on weakness.
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