Gilead (GILD) Sell-Off Seen as Opportunity at Wells Fargo
Get Alerts GILD Hot Sheet
Rating Summary:
24 Buy, 17 Hold, 1 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 11 | Down: 12 | New: 9
Join SI Premium – FREE
Wells Fargo called today's sell-off in Gilead Sciences (NASDAQ: GILD) an opportunity. The decline follows news Express Scripts (NASDAQ: ESRX) selected AbbVie's (NYSE: ABBV) Viekira Pak as its exclusive treatment option for GT1 HCV.
Analyst Brian Abrahams said immediate impact is limited to 10% of the U.S. HCV population, perhaps less. His model already accounted for GT1 market share split between Gilead Sciences and AbbVie. Importantly, read-through to other PBMs is also likely limited, he said.
For an analyst ratings summary and ratings history on Gilead Sciences click here. For more ratings news on Gilead Sciences click here.
Shares of Gilead Sciences closed at $108.45 yesterday.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Wells Fargo Upgrades Neurocrine Bio. (NBIX) to Overweight 'as the Company is Knocking on the Doors of the Large-Cap Club'
- JPMorgan Upgrades Unilever Indonesia Tbk (UNVR:IJ) (UNLRF) to Neutral
- Acrivon Therapeutics Inc (ACRV) PT Lowered to $22 at Jones Trading
Create E-mail Alert Related Categories
Analyst Comments, Analyst EPS ViewRelated Entities
Wells FargoSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!