Morgan Stanley Remains Bullish on Eli Lilly (LLY)

Eli Lilly and Company (NYSE:LLY) is one of the top low volatility healthcare stocks to buy now. On July 10, Morgan Stanley analyst Terence Flynn maintained a Buy rating on Eli Lilly and Company (NYSE:LLY), raising the target price from $1,133 to $1,135.

On July 9, Eli Lilly and Company (NYSE:LLY) announced that the US Food and Drug Administration (FDA) approved a label update with a new recommended titration dosing schedule for Kisunla, which is the company’s once-monthly amyloid-targeting therapy for adults with early symptomatic Alzheimer’s disease (AD).

The TRAILBLAZER-ALZ 6 study showed that “the modified titration schedule significantly lowered the incidence of amyloid-related imaging abnormalities with edema/effusion (ARIA-E) versus the original dosing schedule at 24 and 52 weeks, while still achieving similar levels of amyloid plaque removal and P-tau217 reduction”.

Eli Lilly and Company (NYSE:LLY) develops, manufactures, discovers, and sells pharmaceutical products. These products span oncology, diabetes, immunology, neuroscience, and other therapies.

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Disclosure: None. This article is originally published at Insider Monkey.