Morgan Stanley raised the firm’s price target on Gilead (GILD) to $135 from $130 and keeps an Overweight rating on the shares. The company delivered a generally in line Q1 and reiterated 2025 guidance, while also noting that FDA interactions regarding lenacapavir for PREP are on track, the analyst tells investors. The firm sees the potential for upward estimate revisions on lenacapavir and further multiple expansion as the company progresses its next-generation HIV pipeline, the analyst added.
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