1. Elanco outlined a focused strategy for sustainable growth at Investor Day. 2. Projected $1 billion free cash flow from 2026 to 2028 supports expansion. 3. Progress towards USDA approval for dog treatment Befrena expected in 2026. 4. Cost-saving initiatives aim for $200-$250 million in EBITDA savings by 2030. 5. Wall Street analysts posit potential for upside if Elanco executes its pipeline.