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Eli Lilly reported a 45.2% revenue increase, despite a major investor reducing its stake.
Eli Lilly and Company saw several institutional investors adjust their stakes, with Sherman Asset Management Inc. significantly reducing its holdings by 85.6%.
Despite mixed earnings reports, the company's stock is rated as a "Moderate Buy" with a price target of $1,011.37.
Eli Lilly reported a 45.2% increase in revenue and has a strong pipeline, particularly with its diabetes and obesity medication tirzepatide.
The company also recently announced a quarterly dividend of $1.50 per share.
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Eli Lilly reportó un incremento de ingresos del 45,2%, a pesar de que un importante inversor redujo su participación.