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Fly News Breaks for June 23, 2017
GILD
Jun 23, 2017 | 07:37 EDT
Deutsche Bank analyst Andrew Peters started Gilead with a Buy rating and $79 price target in a note to investors entitled "Sometimes You Gotta Have Faith." The stock appears cheap on a discounted cash flow basis, said Peters, who added that he "fully expects" Gilead will eventually pursue and execute a "transformative" business development strategy. With the bar for Gilead "now much lower," Peters adds that he would expect a positive investor reaction to a renewed focus on pipeline and revenue building.
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