Android app on Google Play

Gilead (GILD) Cut to Market Perform at First Global This Morning

August 26, 2010 3:31 PM EDT Send to a Friend
Get Alerts GILD Hot Sheet
Price: $107.56 +0.05%

Rating Summary:
    22 Buy, 5 Hold, 0 Sell

Rating Trend: Down Down

Today's Overall Ratings:
    Up: 3 | Down: 4 | New: 7
Trade GILD Now!
Join SI Premium – FREE
Analysts at First Global downgraded shares of Gilead Sciences (Nasdaq: GILD) from Moderate Outperform to Market Perform early this morning.

The firm noted that Gilead's Q2 results and 2010 sales guidance looked concerning "once again due to slower than expected sales from its HIV franchise." First Global argues that this segment of its business, as well as adverse healthcare reforms and volatile currency implications will "significantly impact the company's growth prospects."

Shares of Gilead fell about 2% today, possibly on the back of the bearish analyst research note.




You May Also Be Interested In


Related Categories

Downgrades

Add Your Comment