AstraZeneca, Gilead merger doubted by Wall Street analysts

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AstraZeneca (AZN) PT Raised to $60 at Cowen

June 10, 2020 8:45 AM EDT

Cowen analyst Steve Scala raised the price target on AstraZeneca (NYSE: AZN) to $60.00 (from $55.00) while maintaining an Outperform rating after updating the model following recent news including ASCO presentations, additional roxadustat data, and reports that AZN had contemplated a large-scale business... More

AstraZeneca (AZN) CEO Soriot Said to Have Called Gilead (GILD) CEO on May 9, Proposed Exploring Merger to O'Day on Call - Bloomberg

June 8, 2020 5:04 PM EDT

AstraZeneca (NYSE: AZN) CEO Soriot Said to Have Called Gilead (NASDAQ: GILD) CEO on May 9, Proposed Exploring Merger to O'Day on Call - Bloomberg

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Gilead Sciences (GILD) Worth $120+ in Rumored Takeover - Piper Sandler

June 8, 2020 9:49 AM EDT

Piper Sandler analyst Tyler Van Buren reiterated an Overweight rating and $90.00 price target on Gilead Sciences (NASDAQ: GILD) following rumor of a potential deal with AstraZeneca (NYSE: AZN). Van Buren sees Gilead worth $120+ per share in a deal.

The analyst commented, "The... More