Gilead Sciences (GILD) Estimates, PT Lowered at Baird

October 18, 2016 6:58 AM EDT
Get Alerts GILD Hot Sheet
Price: $72.13 +0.31%

Rating Summary:
    24 Buy, 11 Hold, 0 Sell

Rating Trend: = Flat

Today's Overall Ratings:
    Up: 13 | Down: 22 | New: 54
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Baird analyst Brian Skorney lowered 3Q16 Hep C estimates and his price target on Outperform-rated Gilead Sciences (NASDAQ: GILD) to $100.00 (from $122.00) on Rx data analysis.

Skorney commented, "As questions about the durability of Hep C sales plague GILD shares, we've taken a deeper look into the pace of U.S. Hep C prescriptions this quarter to adjust our model. Encouragingly, trends indicate that core new prescriptions (i.e., ex-Epclusa) may be stabilizing. We have modestly adjusted our 3Q16 revenue estimates for Gilead's portfolio, and continue to think consensus is setting them up for another miss on Hep C. We are lowering our target price to $100."

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 $72.64 yesterday.

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