Eli Lilly falls 2% on Novo Nordisk price cut plans

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BofA on Eli Lilly (LLY): 'Novo’s GLP-1 price update unlikely to ‘rock the boat’'

February 24, 2026 10:11 AM EST

BofA Securities analyst Tim Anderson reiterated a Buy rating and $1,293.00 price target on Eli Lilly (NYSE: LLY).

The analyst comments "Todays announcement that Novo Nordisk (covered by Sachin Jain) plans to slash GLP-1 list prices offers a flashy headline, but in our view the update is unlikely to have any material impact on the US market. The price announcement is relevant only to commercial insurance channel (est. 30% of 25... More