Wolfe Research initiated coverage of Eli Lilly (LLY) with an Outperform rating and $1,000 price target The company has lost over $100B in market cap over the past few weeks, creating an attractive entry point given that “a lot” is not priced into the stock at the moment, the analyst tells investors in a research note. Eli Lilly’s strong share performance in 2025 from GLP-1 volume growth remains underappreciated, and the firm also sees continued manufacturing efficiencies from legacy sites, Wolfe adds.
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