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Thursday, June 28, 2018

Gilead started at strong buy by Raymond James


Gilead initiated with a Strong Buy at Raymond James. Raymond James analyst Steven Seedhouse initiated Gilead with a Strong Buy and $93 price target. The analyst believes the HCV business has stabilized, and said the strong Biktarvy launch in HIV and the continued impressive HIV prophylaxis segment suggests the HIV franchise has a long, lucrative tail. Seedhouse is confident in CAR-T platform and filgotinib opportunities, more so than from NASH and MMP9 in gastric cancer, but thinks Phase 3 NASH and MMP9 trials might still work.

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