Analyst Reiterates Buy on Elanco After Strong Q1 Beat, Raised Guidance, and Attractive Valuation
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William Blair analyst Brandon Vazquez has reiterated a Buy rating on Elanco (ELAN) following a strong Q1 performance that exceeded sales and EBITDA forecasts. He cites robust growth in the farm animal segment and an optimistic outlook for U.S. pet health growth as key factors. Management has raised full-year guidance, and Vazquez finds the current valuation attractive at about 20 times his 2027 EPS estimate. Bank of America Securities also maintains a Buy rating with a $30 price target.
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