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Fly News Breaks for October 15, 2018
ELAN
Oct 15, 2018 | 07:19 EDT
Morgan Stanley analyst David Risinger initiated Elanco with an Equal Weight rating and $35 price target, stating that he projects strong and durable growth and believes margins can expand "dramatically," but sees this as being balanced by the stock's high valuation. Risinger believes revenue growth could potentially be constrained over the next few years due to new competition to Elanco's portfolio of Trifexis, Credelio and Interceptor Plus, but if a competitive launch occurs later than assumed there may be upside to estimates.
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