Leerink views Lilly and Sarepta as defensive stocks in turbulent market
** Brokerages Leerink Partners says Eli Lilly LLY.N and Sarepta Therapeutics SRPT.O are among stocks it expects to outperform the broader market in "this turbulent period" of recession concerns
** Brokerage expects strong performance from the weight-loss and diabetes drug maker LLY on Wed, when it reports its earnings
** SRPT is a "a potential haven for investors seeking downside protection in a choppy market" due to potential of blockbuster sales from its Duchenne gene therapy Elevidys - Leerink
** Brokerage also expects AstraZeneca AZN.L, McKesson MCK.N, Cencora COR.N and Thermo Fisher Scientific TMO.N to outperform
** Merck MRK.N, Vaxcyte PCVX.O and Bruker BRKR.O are among cos that are "worth revisiting now" as the current sell-off is a near-term opportunity to buy these stocks which had faced pressure recently due to difficult newsflow or share performance - Leerink
** BMO Capital Markets says SRPT, besides CRISPR Therapeutics CRSP.BN, Biomarin BMRN.O and Legend Biotech LEGN.O are among companies that are "undervalued" for their strong product revenue which could provide protection for sharp decline
** Global stock markets saw a decline in the last session as weak economic data raised worries of a U.S. recession
Reporting by Leroy Leo in Bengaluru
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