Berenberg downgrades Eli Lilly to "hold" as obesity drug expectations soar
Shares of drugmaker Eli Lilly LLY.N marginally down at $761.86 in premarket
Berenberg downgrades stock rating to "hold" from "buy"; slashes PT to $830 from $970
Brokerage says with LLY now the market leader in obesity, consensus expectations for both its marketed and pipeline assets are already elevated, but sees limited upside potential from the current level
On Tuesday, full results from a 72-week trial showed that LLY's experimental GLP-1 pill helped patients lose around 12% of their body weight, with weight-loss plateauing for most participants over time
"We expect Lilly to remain in the obesity driving seat, we also conclude the obesity market upgrade cycle has plateaued, and consensus expectations for Lilly's franchise are high" - Berenberg
Stock rated "buy" on average; median PT is $875.5, as per data compiled by LSEG
As of last close, LLY is down ~1% this year
Related Articles
National Debt Bomb Ignited? Musk Warns U.S. Will Be 1000% Bankrupt Without AI
TradingKey - Tesla (TSLA) CEO Elon Musk recently issued another warning regarding the rapidly ballooning U.S. national debt. He stated clearly that without artificial intelligence and robotics, the United States will inevitably head toward fiscal bankruptcy.
Tesla Stock Outlook: Competing With Rivian, Robotaxi Potential, and 2026 Prospects
There is much conversation about the prospect of investing in Tesla (TSLA) as we move closer to 2026. The volatility of its share price in 2025 is leading many investors to consider if they should purchase shares of Tesla given the alternatives available in terms of electric vehicles (Rivian, etc.).
A Crash After a Surge: Why Silver Lost 40% in a Week?
TradingKey - Spot silver (XAGUSD) prices continue to decline. Silver plunged 20% on Thursday, breaking below $71 per ounce, with the sell-off intensifying on Friday as prices fell further below $64. Compared to the all-time high set on January 29, silver prices have retraced more than 40%, wiping out nearly all gains accumulated over the previous month.
Is Bitcoin’s Four-Year Cycle Dead in 2026?
Is the Bitcoin 4-year cycle dead? After 2025 broke historical records with a red post-halving year, institutional analysts explore if the Bitcoin price has decoupled from the halving countdown. Analyze the impact of spot ETFs, global liquidity, and the roadmap to the 2028 halving in this 2026 market
