(Reuters) -Eli Lilly hit $1 trillion in market value on Friday, making it the first drugmaker to enter the exclusive club dominated by tech giants and underscoring its rise as a weight-loss powerhouse.
Here are some reactions to Lilly joining the trillion dollar club:
EVAN SEIGERMAN, ANALYST AT BMO CAPITAL MARKETS
"The current valuation points to investor confidence in the longer-term durability of the company's metabolic health franchise. It also suggests that investors prefer Lilly over Novo in the obesity arms race. Taking a step back, we're also seeing money rotate into the sector as investors may be worried about an AI bubble."
HANK SMITH, DIRECTOR & HEAD OF INVESTMENT STRATEGY AT LILLY SHAREHOLDER HAVERFORD TRUST
"Investors have historically liked secure earnings growth and (Eli Lilly) is the only large cap pharma that has that kind of earnings profile."
(Reporting by Siddhi Mahatole and Shashwat Chauhan in Bengaluru; Editing by Leroy Leo)
LATEST POSTS
- 1
Phenomenal Web-based MBA Stages for Proficient Headway - 2Step by step instructions to Pick the Right Web-based Degree Program
- 3Setbacks in Texas and elsewhere put Republicans' redistricting hopes in doubt as key deadlines loom
- 4Tire Brands for Senior Drivers: Guaranteeing Security and Solace
- 5Down to earth Manual for A Modest Hyundai Ioniq Electric for Seniors
- More people are addicted to marijuana, but fewer of them are seeking help, experts say
- Flourishing as a Charitable Pioneer: Individual Encounters in Generosity
- Step by step instructions to Guarantee Your Internet Promoting Degree Supplements Your Profession Objectives
- The Manual for Electric Vehicles that will be hot merchants in 2023
- 10 Moves toward Start Your Own Effective Business
- These 2 moon rovers used cameras and lasers to hunt for simulated water ice — and one looks like WALL-E
- Giude to Best Web based Learning Stage
- Winona Ryder didn't take the 'Stranger Things' plot lightly. How 'otherworldly' grief and a kidnapping in her hometown informed her character.
- German finance minister seeks better market access in China talks
