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GILD

Gilead

$77.24

-0.79 (-1.01%)

12:21
10/05/16
10/05
12:21
10/05/16
12:21

Gilead's Sovaldi could face generics in Europe after ruling, STAT News says

The European Patent Office has revoked four of six patent claims related to Gilead's Sovaldi hepatitis C treatment, meaning the medicine could face generic competition years sooner than had been expected, reported STAT News. Reference Link

  • 06

    Nov

  • 11

    Nov

GILD Gilead
$77.24

-0.79 (-1.01%)

10/03/16
RBCM
10/03/16
NO CHANGE
Target $95
RBCM
Outperform
Gilead HIV franchise could see risk from competitor data, says RBC Capital
RBC Capital analyst Michael Yee said his conversations with doctors leads him to think two dolutegravir HIV "doublet" studies being conducted by GlaxoSmithKline (GSK) and ViiV Healthcare - Glaxo's joint venture with Pfizer (PFE) and Shionogi - are likely to work and present an underappreciated risk to Gilead's (GILD) HIV franchise. Talks with investors lead Yee to believe few are even aware of this risk and that the consensus view is underestimating the probability these non-inferiority trials will work. Arguing that the consensus view should factor in more conservative assumptions for Gilead's HIV business post 2018 due to this risk, Yee cut his price target on Gilead to $95 from $105, but keeps an Outperform rating on the shares.
10/03/16
LEER
10/03/16
NO CHANGE
LEER
Market Perform
AASLD abstracts hint at potential competitive threat to Gilead HCV, says Leerink
Leerink analyst Geoffrey Porges says abstracts for the American Association for the Study of Liver Diseases, or AASLD, meeting revealed very limited efficacy information about the new Hepatitis C regimens for Gilead (GILD), Merck (MRK) and AbbVie (ABBV). Nonetheless, the analyst believes the abstracts hint at the potential competitive threat to Gilead's HCV dominance. While the new 12-week HCV regimens may compete on price, the forthcoming 8-week regimens put the most pressure on Gilead's market share, Porges argues. He reiterates a Market Perform rating on Gilead's shares.
09/27/16
09/27/16
DOWNGRADE

On The Fly: Top five analyst downgrades
Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. Gilead (GILD) downgraded to Market Perform from Outperform at Leerink with analyst Geoffrey Porges saying he's now "outright bearish" on the company's Hepatitis C virus business. 2. J.M. Smucker (SJM) downgraded to Neutral from Outperform at Credit Suisse with analyst Robert Moskow saying that while the company raised its cost savings target as expected, he underestimated the hit to sales from difficult comparisons. 3. Discovery (DISCA) and Scripps Networks (SNI) downgraded to Sell from Neutral at MoffettNathanson. 4. Carter's (CRI) downgraded to Market Perform from Outperform at Wells Fargo with analyst Ike Boruchow saying his quarter-to-date store checks indicate "choppy" retail traffic trends and "deeper" pricing/promotional pressure. 5. Dollar Tree (DLTR) downgraded to Underweight from Neutral at Atlantic Equities with analyst Sam Hudson saying the second half comp inflection expected by consensus is "too demanding" and he expects multiple contraction if Family Dollar does not turn around. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
09/27/16
LEER
09/27/16
DOWNGRADE
Target $94
LEER
Market Perform
Gilead downgraded to Market Perform from Outperform at Leerink
Leerink analyst Geoffrey Porges downgraded Gilead Sciences to Market Perform from Outperform and lowered his price target for the shares to $94 from $112. The biotech closed yesterday down 75c to $80.62. The analyst says he's now "outright bearish" on the company's Hepatitis C virus business. Gilead's HCV revenues will "decline faster, and farther," than the current consensus estimates forecast, Porges tells investors in a research note.

TODAY'S FREE FLY STORIES

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MEET

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  • 12

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DATA

Tableau

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  • 09

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  • 09

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ICHR

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  • 09

    Dec

CPB

Campbell Soup

$59.00

0.72 (1.24%)

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RH

Restoration Hardware

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  • 13

    Dec

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Treasury Action: yields remained subdued »

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CPK

Chesapeake Utilities

$68.55

0.55 (0.81%)

, CNX

CONSOL

$21.16

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On The Fly: Top five analyst initiations »

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CPK

Chesapeake Utilities

$68.55

0.55 (0.81%)

CNX

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$21.16

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JCI

Johnson Controls

$43.68

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AMID

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$32.93

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  • 13

    Dec

ANF

Abercrombie & Fitch

$15.96

-0.28 (-1.72%)

, DLTH

Duluth Holdings

$37.04

3.09 (9.10%)

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Downgrade
On The Fly: Top five analyst downgrades »

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ANF

Abercrombie & Fitch

$15.96

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DLTH

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$37.04

3.09 (9.10%)

DTEA

DAVIDsTEA

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HLT

Hilton

$26.54

0.295 (1.12%)

HZNP

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$15.03

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  • 09

    Dec

  • 14

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AZN

AstraZeneca

$27.11

0.84 (3.20%)

, ADSK

Autodesk

$81.74

1.4 (1.74%)

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Upgrade
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AZN

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$27.11

0.84 (3.20%)

ADSK

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ETN

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FLR

Fluor

$56.77

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SYY

Sysco

$54.46

0.13 (0.24%)

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  • 09

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  • 16

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$NYE

NYSE Market Internals

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$NSD

NASDAQ Market Internals

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ATH

Athene Holding

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  • 09

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SDRL

Seadrill

$3.72

0.315 (9.26%)

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Seadrill calls active as shares rally »

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VHC

VirnetX

$3.35

0.05 (1.52%)

10:12
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ATH

Athene Holding

10:10
12/09/16
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Syndicate
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  • 09

    Dec

XLF

Financial Select Sector

$23.63

-0.07 (-0.30%)

10:10
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Options
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10:10
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General news
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TEX

Terex

$32.28

-0.06 (-0.19%)

10:09
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Upgrade
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  • 13

    Dec

AZN

AstraZeneca

$27.09

0.82 (3.12%)

10:08
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  • 16

    Feb

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