Wall Street Firms Turn Bullish on Eli Lilly and Company (LLY) Buoyed by GLP-1 Medication Expansion Plans

<h1>Wall Street Firms Turn Bullish on Eli Lilly and Company (LLY) Buoyed by GLP-1 Medication Expansion Plans</h1>
<p>Eli Lilly and Company (NYSE:<a href="https://finance.yahoo.com/quote/LLY">LLY</a>) is <a href="https://www.insidermonkey.com/blog/goldman-sachs-healthcare-stocks-top-10-stock-picks-2-1714624/">one of Goldman Sachs top healthcare stocks</a>. On March 10, analysts at Bernstein SocGen reiterated an Outperform rating on Eli Lilly (NYSE:LLY) with a $1,300 price target. The positive stance comes on the heels of the company launching the Employer Connect platform to enhance access to its obesity medications through employer-sponsored programs.</p>
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<p>The company has already partnered with 15 program administrators, including GoodRx and Mark Cuban’s Cost Plus Drugs, to enable employers to activate the GLP-1 coverage insurance platform for their staff. The unveiling of the new platform is part of an effort to capitalize on limited commercial insurance coverage. The new platform will expand GLP-1 coverage by enabling employers to customize coverage and wraparound services for employees. It also provides a way to share costs and lower employer expenses.</p>
<p>The launch of the new platform follows Mounjaro’s prescription reaching 724,500 and 361,000 new prescriptions for the week ending February 27, affirming strong interest in the company’s GLP-1 medications.</p>
<p>Eli Lilly and Company (NYSE:LLY) is a global healthcare company that discovers, develops, manufactures, and markets human pharmaceutical products, focusing on areas like diabetes, obesity, oncology, and immunology.</p>
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