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Eli Lilly & Co. Price Target Increased by Bank of America/Merrill Lynch (LLY)

By Dividend.com,  October 11, 2012, 09:56:57 AM EDT

Bank of America/Merrill Lynch have increased Eli Lilly & Co. ( LLY ) price target to $57.

Bank of America/Merrill Lynch analysts have increased the price target for Eli Lilly & Co. They predict the share price will be going up to $57 a share, which would be nearly a $6 (+11%) increase from the stocks current price. The shares are up nearly 9% YTD.

Eli Lilly & Co. ( LLY ) stock was up +0.29 (+0.58%) as of Thursday morning.

The Bottom Line
Shares of Eli Lilly ( LLY ) have a 3.90% dividend yield, based on last night's closing stock price of $50.23. The stock has technical support in the $46-$47 price area. If the shares can firm up, we see overhead resistance around the $52-$54 price levels.

Eli Lilly & Co. ( LLY ) is not recommended at this time, holding a Dividend.com DARS™ Rating of 3.4 out of 5 stars.

Be sure to visit our complete recommended list of the Best Dividend Stocks , as well as a detailed explanation of our ratings system here .




The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.


This article appears in: Investing, Stocks

Referenced Stocks: LLY



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