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Eli Lilly Opens R&D Center in Boston Seaport
Express News | Lilly Opens State-of-the-Art Research and Development Center in the Boston Seaport
Deutsche Bank praises Eli Lilly and Co (LLY.US) as a "high-growth unicorn", with a target price skyrocketing to $1025.
Deutsche Bank has upgraded its rating on Eli Lilly and Co (LLY.US) from "hold" to "buy" with a target price increase from $725 to $1025.
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Deutsche Bank: Eli Lilly (NYSE:LLY) Is a "High-Growth Unicorn"
After the turbulence, large technology, medical, and high-yield stocks are seen as targets for buying on dips in the US stock market.
At the beginning of August, the market was dazzling, and the US stock market was hit by the economic panic, weak performance, and global yen carry trade unwinding, which made Wall Street search for market corners that might be unfairly treated. Although the S&P 500 index almost recovered all its lost ground after falling 3% last week, the index still fell about 6% from its record high after four consecutive weeks of decline. Due to concerns about macroeconomic and geopolitical backgrounds, market volatility will continue, and analysts encourage investors to adopt defensive strategies and seize opportunities to buy back some targets that are still suppressed in the market on dips. "I don't think it's a good idea to panic when the market pulls back."
Deutsche Bank Calls Eli Lilly 'High Growth Unicorn' in Upgrade to Buy