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Analysts Reiterate Bullish Outlook on Eli Lilly and Company (LLY) Following Kelonia Acquisition
Following Eli Lilly and Company’s (LLY) acquisition of Kelonia Therapeutics, analysts have reiterated a bullish outlook on the stock. Barclays maintained an Overweight rating with a $1,350 price target, while Scotiabank reiterated an Outperform rating with a $1,300 price target. The acquisition is seen as a strategic move to strengthen Eli Lilly’s oncology pipeline, contributing to an average “Strong Buy” rating and 42% upside potential for the stock.