As previously reported, Cantor Fitzgerald analyst Carter Gould upgraded Gilead (GILD) to Overweight from Neutral with a price target of $125, up from $100, as the analyst took over coverage of the stock. Shares re-rated higher over the second half of 2024 with the clinical de-risking of lenacapavir and the firm sees the momentum continuing as the lenacapavir launch and further Biktarvy share gains drive upside to HIV franchise sales growth and a multi-year period of margin expansion over 2025-2030, the analyst tells investors.
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