Eli Lilly and Co

LLY: XNYS (USA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	$321.00	Kbzsv	Zvwdmgllsk

Eli Lilly Earnings: Robust Growth Lifted by Broad Portfolio Strength, Especially Mounjaro

Damien Conover

Nov 2, 2023

Eli Lilly reported strong third-quarter results that were largely in line with our net expectations, and we are holding firm to our Lilly fair value estimate. While the firm remains very well positioned for growth with cardiometabolic drug Mounjaro, we believe the market is overly optimistic on the outlook for the company.

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