Goldman Sachs Downgrades Johnson & Johnson (JNJ) to Sell, Sees Limited Upside

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Goldman Sachs Upgrades Eli Lilly (LLY) to Neutral on New "Hope Trade"

October 9, 2012 7:01 AM EDT

Goldman Sachs upgraded Eli Lilly (NYSE: LLY) from Sell to Neutral with a price target of $54.00 (from $42.00) saying the Sola data supports optionality trade.

New solanezumab data provides a backbone for the recent "hope trade," the firm notes.

"Our... More