Stock Rating Upgrade
The Value Trend Rating for Eli Lilly and Co (NYSE: LLY) improved recently from C to B reflecting improving fundamentals and high Appreciation Potential. Details supporting this higher rating are included in our next report.
Recent Price Action
Eli Lilly and Co (NYSE: LLY) stock closed at $776.75 on 5/1/24 after a slight decline of -0.6%. NORMAL trading volume accompanied the decline. The stock has risen 4.2% during the last week and has been exceptionally strong relative to the market over the last nine months.
Current PriceTarget Research Rating
Reflecting future returns on capital that are forecasted to exceed the cost of capital, LLY is expected to continue to be a major Value Builder.
Eli Lilly has a current Value Trend Rating of B (Positive). This VT Rating improved in recent days from C previously. With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing inconsistent signals. Eli Lilly has a neutral Appreciation Score of 41 but a very high Power Rating of 89, and the Positive Value Trend Rating results.
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