Morgan Stanley Lowered Its 2011, 2012 EPS Estimates For Eli

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Morgan Stanley lowered its 2011 and 2012 EPS estimates for Eli Lilly (NYSE:LLY) and maintained its underweight rating and $32 price target on the stock.The bank sees 2011 EPS of $4.28, down from $4.64 per share, and 2012 EPS of $3.48, down from $3.55 per share.Shares of the company are currently trading 0.63% higher at $34.99.

Credit: Financial News Network

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