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Covea Finance cuts Eli Lilly stake by 22.7% amid mixed analyst ratings and pipeline updates.

Market News
22 Mar 2026
Defense World
View Source
Neutral
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Covea Finance reduced its holdings in Eli Lilly by 22.7% in Q4, selling 9,100 shares and holding 30,970 shares worth $33.3 million. Despite this, other major investors like Laurel Wealth Advisors and Norges Bank significantly increased their stakes. Eli Lilly reported strong Q4 earnings with revenue up 42.6% year-over-year and raised its 2026 EPS guidance. The company’s pipeline shows promising obesity and immunology treatments, but faces competition and some safety concerns. Analyst opinions vary, with recent upgrades and downgrades impacting sentiment. Eli Lilly’s stock trades near $905 with a market cap of $855 billion.

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