UBS Survey Shows Signs of Strength for Gilead's (GILD) TAF

May 17, 2013 1:00 PM 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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UBS today maintained a Buy rating on Gilead Sciences (NASDAQ: GILD) and raised its price target to $67.00 (from $63.00). Analyst Matthew Roden sees ongoing strength for its HIV franchise.

"Ahead of the second ph2 result expected near term for tenofovir alafenamide (TAF), a next-gen replacement for Viread, we spoke to 2 HIV experts and conducted a survey of top-volume prescribers to gauge initial receptiveness and expected utilization once available. Results were highly supportive of TAF, but also for GlaxoSmithKline's (NYSE: GSK) dolutegravir, which will compete against GILD's Stribild," said Roden.

For an analyst ratings summary and ratings history on Gilead Sciences (NASDAQ: GILD) click here. For more ratings news on Gilead Sciences click here.

Shares of Gilead Sciences closed at $54.96 yesterday.

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