Jefferies Raises PT and Estimates on Gilead Sciences (GILD); Stribild (Quad Pill) Approved

August 28, 2012 7:23 AM EDT
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Price: $71.01 -0.78%

Rating Summary:
    24 Buy, 11 Hold, 0 Sell

Rating Trend: = Flat

Today's Overall Ratings:
    Up: 30 | Down: 30 | New: 23
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Jefferies maintains a 'Hold' on Gilead Sciences (NASDAQ: GILD) price target of $55.00 (from $53.00).

Analyst, Thomas Wei, said, "The FDA approved GILD's Stribild (quad pill) with a label that was largely in line with expectations. GILD announced Stribild pricing of $28,500/year, which represents a premium to our assumption of $22,263. We are raising our PT to $55 on the basis of Stribild pricing, but we remain cautious on GILD based on valuation."

FY12 EPS estimate raised from $3.78 to $3.79 and FY13 from $4.05 to $4.12.

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 $57.19 yesterday.

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