Eli Lilly Stock Rises on FDA Approval, Upgrade

The majority of analysts are leaning bullish toward LLY

Deputy Editor
Sep 22, 2022 at 10:03 AM
facebook X logo linkedin

Eli Lilly and Co (NYSE:LLY) is getting a boost today, after news that the U.S. Food & Drug Administration (FDA) approved its cancer drug Retevmo for new uses, including treatment of patients with a sub-group of advanced tumor. LLY received an upgrade today as well, with UBS upping its rating to "buy" from "neutral." The firm added a price-target hike to $363 from $335, praising the company's new weight-loss drug, Mounjaro. 

At last glance, LLY was up 2.2% to trade at $302.90. The stock yesterday pulled back to its lowest level in three months, though long-term support at the 160-day moving average prevented further losses. Year-to-date, the equity is up 7.3%. 

Today's upgrade has UBS joining an optimistic brokerage bunch, as 19 of the 25 in coverage now carry a "buy" or better rating. Plus, the 12-month consensus price target of $346.00 is a 16.7% premium to last night's close. 



Target Effortless Triple-Digit Gains Every Sunday Evening For Life!

This is your chance to triple your profit potential on Sunday evenings, without spending all your free time watching the market.

On Sundays, as a Weekend Plus subscriber, you’ll get up to 6 trades every Sunday, each targeting gains of 200% or more.

Start targeting gains like the ones our subscribers have seen recently, including:

213.3% GAIN on AutoNation calls
100.0% GAIN on Monster Beverage calls
100.4% GAIN on Walgreens Boots Alliance puts
100.4% GAIN on ON Semiconductor calls
257.7% GAIN on Dell calls

101.0% GAIN on Apollo Global Management calls
103.6% GAIN on JP Morgan  Chase calls
105.3% GAIN on DraftKings calls
101.3% GAIN on Airbnb calls
203.0% GAIN on Shopify calls
102.0% GAIN on Cboe Global Markets calls
100.9% GAIN on Boeing calls
102.1% GAIN on Microsoft puts
102.3% GAIN on First Solar calls
101.5% GAIN on PulteGroup calls
101.0% GAIN on Apple calls
209.4% GAIN on NXP Semiconductors calls
100.8% GAIN on Uber Technologies calls
100.4% GAIN on Academy Sports and Outdoors puts
102.2% GAIN on Trade Desk calls
100.8% GAIN on DoorDash calls
100.0% GAIN on Camping World Holdings puts
100.0% GAIN on Cboe Global Markets calls
100.2% GAIN on C3.ai calls
238.5% GAIN on Oracle calls



Rainmaker Ads CGI