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LLY

Eli Lilly

$106.56

-1.8 (-1.66%)

06:32
12/19/18
12/19
06:32
12/19/18
06:32

Eli Lilly sees FY18 adjusted EPS $5.55-$5.60, consensus $5.58

Sees FY18 revenue $25.3B-$25.8B, consensus $23.43B. At a meeting today with the investment community, Eli Lilly and Company announced its 2019 financial guidance, updated certain elements of its 2018 guidance and 2020 minimum financial expectations, reviewed the performance of recently launched medicines and highlighted numerous potential new medicines in its clinical pipeline. David A. Ricks, Lilly's chairman and chief executive officer, confirmed that the company is executing well against the company's priorities to launch with excellence, replenish the pipeline, improve productivity and develop talent. "Over the past five years, Lilly has successfully launched 10 new medicines, bolstered our pipeline with new candidate medicines from our own labs and from external partners, reshaped the company to be more productive, and attracted world-class scientific talent to our labs," said Ricks. "Our actions over the past several years have positioned Lilly to deliver significant value to our key stakeholders. Most importantly, they have benefited patients, many of whose lives are better because of new Lilly medicines." Ricks acknowledged Lilly's current strong performance, and expressed optimism for the company's future growth. "We are proud of what we have achieved at Lilly over the past several years, but we are determined to raise the bar higher. We see incredible scientific opportunities to address some of the most significant health challenges of an aging society. We aim to create new medicines over the next decade that will transform the care of serious illnesses, and provide valuable new treatment options for doctors and patients."

  • 19

    Dec

LLY Eli Lilly
$106.56

-1.8 (-1.66%)

11/26/18
11/26/18
DOWNGRADE

On The Fly: Top five analyst downgrades
Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. Eli Lilly (LLY) downgraded to Neutral from Buy at Citi with analyst Andrew Baum saying after 40% of outperformance versus the sector over the last 10 months, the stock is now trading close to estimated net present value. 2. Cognizant (CTSH) downgraded to Market Perform from Outperform at Cowen with analyst Bryan Bergin saying he is more cautious about a near-term pickup in revenue growth that is implied in the 2019 consensus following weaker performance in Cowen's semi-annual IT Services survey. 3. Westpac Banking (WBK) double downgraded to Sell from Buy at Deutsche Bank with analyst Matthew Wilson saying the Australian banking sector confronts a "raft of real challenges and uncertainty." 4. DHX Media (DHXM) downgraded to Neutral from Buy at B. Riley with analyst Eric Wold citing valuation. 5. Southern Copper (SCCO) downgraded to Reduce from Hold at HSBC. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
11/26/18
SBSH
11/26/18
DOWNGRADE
Target $115
SBSH
Neutral
Citi downgrades Eli Lilly to Neutral after 40% of sector outperformance
Citi analyst Andrew Baum downgraded Eli Lilly to Neutral from Buy while raising his price target for the shares to $115 from $96. The stock closed Friday up 64c to $112.87. After 40% of outperformance versus the sector over the last 10 months, the stock is now trading close to estimated net present value, Baum tells investors in a research note. The analyst believes forecasts for Lilly's in-market drugs, pipeline, portfolio restructuring and spending tightening are now increasingly priced into the valuation. Further, he struggles to find "material near term upside from current levels."
11/26/18
SBSH
11/26/18
DOWNGRADE
SBSH
Neutral
Eli Lilly downgraded to Neutral from Buy at Citi
Citi analyst Andrew Baum downgraded Eli Lilly to Neutral saying the current valuation reflects the company's growth outlook.
11/19/18
WELS
11/19/18
NO CHANGE
WELS
Pfizer price hikes may bring industry scrutiny, says Wells Fargo
Pfizer's (PFE) plans to raise prices on a host of medicines may put the drug industry "further in the crosshairs of an administration and Congress that is set on lowering drug prices," Wells Fargo analyst David Maris tells investors in a research note. The analyst points out that Pfizer earlier this year was criticized by the Trump administration for drug price increases, and as a result, it rolled the price increases back. However, Pfizer's new price increases "are not egregious" and its advance warning may be an attempt to see if minor price increases will also bring the administration's rebuke, says Maris. Nonetheless, given how public the administration's previous rebuke was, the analyst thinks Pfizer's confirmation Friday could "enflame the debate around drug pricing, especially since it comes less than two weeks following an election that resulted in Democrat control of the House with many having run on a drug-price-controls/Medicare-for-All platforms." Other large drugmakers include AstraZeneca (AZN), Bristol-Myers (BMY), Eli Lilly (LLY), GlaxoSmithKline (GSK), Johnson & Johnson (JNJ), Merck (MRK), Novartis (NVS), Roche (RHHBY) and Sanofi (SNY).

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