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Keybanc Raises Price Target for ELAN, Maintains Overweight Ratin
Keybanc has increased its price target for Elanco Animal Health (ELAN) from $27.00 to $29.00, reiterating an Overweight rating. This decision follows a series of positive analyst revisions, with Leerink Partners, JP Morgan, and Piper Sandler also raising their price targets and/or upgrading their ratings for ELAN in recent months. Despite the positive analyst sentiment and an average target price implying a slight upside, GuruFocus estimates suggest a significant downside in the stock’s fair value.