Nov 21 (Reuters) - Eli Lilly ( LLY ) 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 ( LLY )) is the only large cap pharma that has that kind
of earnings profile."