Gilead Sciences (GILD) Misses Q1 EPS by 10c

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Gilead Sciences (GILD) PT Lowered to $118 at UBS

April 29, 2016 8:27 AM EDT

UBS analyst Marc Goodman lowered his price target on Gilead Sciences (NASDAQ: GILD) to $118.00 (from $130.00) following Q1 results but maintained a Buy rating.

Goddman commented, "We have lowered our HCV sales estimates to reflect lower ASPs (higher rebates to defend share from Merck's... More

Gilead Sciences (GILD) Needs M&A to Fill the Gap Following HCV Miss - BMO Capital

April 29, 2016 7:40 AM EDT

BMO Capital analyst M. Ian Somaiya lowered his price target on Gilead Sciences (NASDAQ: GILD) to $97.00 (from $102.00) following the HCV miss. The firm maintained a Market Perform rating, saying it increases the need for pipeline.

Somaiya commented, "Gilead reported 1Q16 EPS... More

Baird Maintains Bullish View on Gilead Sciences (GILD) Despite Top-Line Miss on U.S. Hep C Sales

April 29, 2016 7:30 AM EDT

Baird analyst Brian Skorney reiterated an Outperform rating and $135 on Gilead Sciences (NASDAQ: GILD) despite a top-line miss driven by weaker U.S. Hep C sales.

Skorney commented, "U.S. Hep C sales came in several hundred million dollars short of expectations.... More

Maxim Group Downgrades Gilead Sciences (GILD) to Hold

April 29, 2016 7:06 AM EDT

Maxim Group downgraded Gilead Sciences (NASDAQ: GILD) from Buy to Hold.

Analyst Jason Kolbert highlighted:

Gilead reported quarterly results with total top-line revenues of $7.6B missing consensus of $7.7B by a hair. Non-GAAP quarterly net income was $4.3B or $3.03 per diluted share. The company ended the period with $21.3B in cash and $22B in debt.HCV revenues continue to drive Gilead but tough comps, the laws of growth (for big numbers), and... More

Gilead Sciences (GILD) PT Trimmed to $123 at Leerink Partners

April 29, 2016 6:50 AM EDT

Leerink Partners analyst Geoffrey Porges trimmed his price target on Gilead Sciences (NASDAQ: GILD) to $123.00 (from $127.00) following disappointing Q1 results but maintained an Outperform rating.

Porges commented, "The weakness came in the HCV products, where revenue slid in the US market in the face of... More