Eli Lilly and Stock Rating Upgraded by Jefferies (LLY)
Eli Lilly and (NASDAQ:LLY) was upgraded by investment analysts at Jefferies
from an “underperform” rating to a “hold” rating in a note issued to investors on Monday, American Banking and Market News reports. The firm currently has a $54.00 target price on the stock, up from their previous target price of $45.00. Jefferies
‘s price target would suggest a potential downside of 8.40% from the company’s current price.
Eli Lilly and (NASDAQ:LLY) traded up 0.86% on Monday, hitting $58.95. The stock had a trading volume of 3,682,351 shares. Eli Lilly and has a one year low of $47.53 and a one year high of $60.46. The stock has a 50-day moving average of $58.69 and a 200-day moving average of $53.28. The company has a market cap of $62.888 billion and a price-to-earnings ratio of 13.53.
Separately, analysts at Jefferies Group raised their price target on shares of Eli Lilly and to $54.00 in a research note on Monday. They now have a “hold” rating on the stock.
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