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Morgan Stanley cut Eli Lilly's price target but kept a positive rating, despite the company missing earnings estimates.
Morgan Stanley lowered Eli Lilly and Company's (LLY) price target to $1,124 while maintaining an overweight rating.
Despite this, the company's consensus rating remains "Moderate Buy" with a target price of $1,017.67.
Institutional ownership stands at 82.53%, with several firms adjusting their holdings.
Eli Lilly reported Q4 earnings of $5.32 per share, missing estimates by $0.13.
The company's stock has a market cap of $712.65 billion and a P/E ratio of 64.19.
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Morgan Stanley cortó el objetivo de precios de Eli Lilly, pero mantuvo una calificación positiva, a pesar de que la compañía perdió las estimaciones de ingresos.