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GILD

Gilead

$65.56

-0.56 (-0.85%)

, GSK

GlaxoSmithKline

$39.52

-0.14 (-0.35%)

08:38
05/13/19
05/13
08:38
05/13/19
08:38

Gilead shares reflect 'undue bearish outlook,' says Jefferies

Gilead Sciences (GILD) is trading at a 10 times price-to-earnings multiple, which reflects an "undue bearish outlook," Jefferies analyst Michael Yee tells investors in a research note. He thinks the company's base HIV business growing to 2025 and then eroding is worth $60-$65 per share, and the rest of business -- HCV, filgotinib, Yescarta -- is worth $15-$20 per share. This implies the stock should be at $80-$85, says Yee. A bear case on the HIV business is $35-$40 per share, which assumes a full cliff post 2025 or GlaxoSmithKline (GSK) taking "massive" share with doublets and long-acting, adds the analyst. Yee keeps a Buy rating on Gilead with a $95 price target.

GILD

Gilead

$65.56

-0.56 (-0.85%)

GSK

GlaxoSmithKline

$39.52

-0.14 (-0.35%)

  • 16

    May

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    May

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    Jun

GILD Gilead
$65.56

-0.56 (-0.85%)

04/26/19
04/26/19
INITIATION

Fly Intel: Top five analyst initiations
Catch up on today's top five analyst initiations with this list compiled by The Fly: 1. Vail Resorts (MTN) initiated with a Buy at SunTrust. 2. Tocagen (TOCA) initiated with an Overweight at Cantor Fitzgerald. 3. Dow Inc. (DOW) initiated with a Hold at Argus. 4. Gilead (GILD) initiated with an Outperform at Bernstein. 5. Reed's (REED) initiated with a Buy at Lake Street. This list is just a portion of The Fly's analyst coverage. To see The Fly's full Street Research coverage, click here.
04/29/19
PIPR
04/29/19
NO CHANGE
Target $75
PIPR
Neutral
Gilead the 'undisputed leader' in cell therapy, says Piper Jaffray
After conducting nearly 30 hours' worth of interviews with C-level management at numerous companies, Piper Jaffray analyst Tyler Van Buren calls Gilead Sciences the "undisputed leader" of the cell therapy space. The majority of the successes and learnings from the current generation of CAR-T products is attributable to Gilead/Kite's efforts, Van Buren tells investors in a research note. Further, he expect the company's ongoing studies and collaborations to "meaningfully improve" cell product characteristics and manufacturing conditions and ultimately result in better patient outcomes. The cell therapy space is still in its infancy and there is an" enormous opportunity ahead,' says the analyst. He keeps a Neutral rating on Gilead with a $75 price target.
05/03/19
WELS
05/03/19
UPGRADE
Target $120
WELS
Outperform
Intercept upgraded to Outperform following survey of doctors at Wells Fargo
As previously reported, Wells Fargo analyst Jim Birchenough upgraded Intercept to Outperform from Market Perform, stating that his recent survey of NASH prescribing doctors following the REGENERATE study update suggests a higher expected adoption rate of obeticholic acid and a more positive view of its efficacy. He also said he views the shares as oversold with Intercept down 12.5% year-to-date. Birchenough, who also cited recent NASH study failures of liver disease leader Gilead (GILD), raised his price target on Intercept shares to $120 from $104.
05/10/19
RILY
05/10/19
NO CHANGE
Target $158
RILY
Buy
Intercept added to Alpha Generator list at B. Riley FBR
B. Riley FBR analyst Mayank Mamtani earlier today added Intercept Pharmaceuticals (ICPT) to his firm's Alpha Generator list. The analyst sees "strong" strong fundamentals over next year and a high likelihood of FDA approval in mid-2020. Mamtani lowered his price target for Intercept to $158 from $169 and keeps a Buy rating on the shares. His new target reflects the company's recent capital raise, the removal of removing Gilead (GILD) as near-term competitor with selonsertib's recent failure, and the push out of a European launch from the second half of 2020 to Q1 of 2021.
GSK GlaxoSmithKline
$39.52

-0.14 (-0.35%)

01/31/19
ARGS
01/31/19
UPGRADE
Target $55
ARGS
Pfizer upgraded to Buy from Hold at Argus
Argus analyst David Toung upgraded Pfizer (PFE) to Buy with a price target of $55, saying he anticipates an upward revenue inflection point in 2021 after flat sales in the second half of 2019 and first half of 2020. After cycling through Lyrica loss of exclusivity over the next year, the analyst anticipates Pfizer to benefit from optimized portfolio of assets as it completes its consumer healthcare business joint venture with GlaxoSmithKline (GSK). Toung adds that while he does not "expect major transformational deals", he does see the management pursuing "acquisitions and divestitures that improve long-term profitability".
01/31/19
WELS
01/31/19
NO CHANGE
WELS
Outperform
FDA approval of Mylan's Advair 'overdue,' says Wells Fargo
Wells Fargo analyst David Maris believes that while "overdue," FDA's approval of Mylan's (MYL) generic Advair is good news. Many investors were expecting this to be further delayed, he notes, adding that he currently has $50M generic Advair in his model for Q1. The analyst believes GlaxoSmithKline (GSK) will launch an authorized generic, and with Advair's already declining revenue, the generic Advair opportunity may turn out to be a great-to-have since it shows Mylan's ability to get complex generics approved, but may not be a game changer. Maris reiterates an Outperform rating on Mylan's shares.
02/01/19
WELS
02/01/19
NO CHANGE
Target $46
WELS
Market Perform
Perrigo's ProAir opportunity 'may be vaporizing,' says Wells Fargo
Wells Fargo analyst David Maris noted that GlaxoSmithKline (GSK) launched an authorized generic of Ventolin on January 15 and he has now learned that Teva (TEVA) may have "surprisingly launched" an authorized generic of ProAir in response to the generic Ventolin pressure prior to Perrigo's (PRGO) approval. Pricing pressure from generic Ventolin, in addition to the launch of an authorized generic well ahead of Perrigo's own generic ProAir launch, seem to have significantly diminished Perrigo's generic ProAir opportunity, Maris tells investors. He keeps a Market Perform rating and $46 price target on Perrigo shares.
02/22/19
UBSW
02/22/19
DOWNGRADE
UBSW
Neutral
GlaxoSmithKline downgraded to Neutral from Buy at UBS
UBS analyst Laura Sutcliffe downgraded GlaxoSmithKline to Neutral and lowered her price target for the shares to 1,650p from 1,700p. Concerns around the company's HIV franchise are likely to keep a lid on the shares, Sutcliffe tells investors in a research note. Further, she believes consensus estimates for 2019 are "slightly too high."

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CMCSA

Comcast

$43.17

0.82 (1.94%)

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American Eagle

$15.40

0.63 (4.27%)

19:34
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AEO

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MO

Altria Group

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1 (2.20%)

CMCSK

Comcast

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GO

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2.81 (6.42%)

RDS.B

Royal Dutch Shell

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Royal Dutch Shell

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BP

BP

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XOM

Exxon Mobil

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MYGN

Myriad Genetics

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SPX

S&P 500

$0.00

(0.00%)

, SPY

SPDR S&P 500 ETF Trust

$288.79

4.12 (1.45%)

19:27
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XYF

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19:25
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VJET

Voxeljet

$1.64

-0.05 (-2.96%)

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Samsung

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Apple

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4.71 (2.33%)

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Apple CEO warns Trump about China tariffs, Reuters reports »

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Apple

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T

AT&T

$34.98

0.64 (1.86%)

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0.82 (1.94%)

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SNE

Sony

$55.72

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LGF.A

Lionsgate

$11.06

0.02 (0.18%)

LGF.B

Lionsgate

$10.52

0.01 (0.10%)

DIS

Disney

$135.19

1.79 (1.34%)

VIAB

Viacom

$26.02

0.09 (0.35%)

VIA

Viacom

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SFTBF

SoftBank

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SoftBank

$0.00

(0.00%)

17:59
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Softbank plans to lend up to $20B to employees to invest in new fund, WSJ says »

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SoftBank

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SoftBank

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S&P 500

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SPDR S&P 500 ETF Trust

$288.79

4.12 (1.45%)

16:50
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JSAIY

J Sainsbury

$0.00

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16:46
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J Sainsbury's not talking to internal candidates for CEO succession,Reuters says »

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TSLA

Tesla

$219.92

4.27 (1.98%)

16:39
08/18/19
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S&P 500

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SPDR S&P 500 ETF Trust

$288.79

4.12 (1.45%)

16:14
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Periodicals
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NVS

Novartis

$89.46

0.91 (1.03%)

16:11
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MO

Altria Group

$46.48

1 (2.20%)

16:08
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CFB

CrossFirst Bancshares

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9F Inc

$10.09

0.52 (5.43%)

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CFB

CrossFirst Bancshares

$14.61

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JFU

9F Inc

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NET

Cloudflare

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WE

We Company

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SDC

SmileDirectClub

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AMZN

Amazon.com

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MSFT

Microsoft

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SoftBank

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SoftBank

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CBS

CBS

$43.83

0.5 (1.15%)

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Viacom

$27.27

-0.4 (-1.45%)

08:03
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Periodicals
Viacom-CBS merger got panned by investors, Barron's says »

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CBS

CBS

$43.83

0.5 (1.15%)

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Viacom

$27.27

-0.4 (-1.45%)

VIAB

Viacom

$26.02

0.09 (0.35%)

AAPL

Apple

$206.44

4.71 (2.33%)

DIS

Disney

$135.19

1.79 (1.34%)

T

AT&T

$34.98

0.64 (1.86%)

CMCSA

Comcast

$43.17

0.82 (1.94%)

CMCSK

Comcast

$0.00

(0.00%)

NFLX

Netflix

$302.74

6.81 (2.30%)

AMZN

Amazon.com

$1,791.82

16.72 (0.94%)

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MYGN

Myriad Genetics

$25.36

2.14 (9.22%)

07:57
08/17/19
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Periodicals
Myriad Genetics stock might have an FDA issue, Barron's says »

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CSCO

Cisco

$46.96

0.73 (1.58%)

, NTAP

NetApp

$46.75

0.33 (0.71%)

07:50
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Periodicals
Trade war hitting tech stocks, Barron's says »

Cisco (CSCO) plunged 9% a…

CSCO

Cisco

$46.96

0.73 (1.58%)

NTAP

NetApp

$46.75

0.33 (0.71%)

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RDS.A

Royal Dutch Shell

$55.55

0.47 (0.85%)

, RDS.B

Royal Dutch Shell

$55.56

0.46 (0.83%)

07:47
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Investors should not abandon oil, gas stocks, Barron's says »

Energy stocks have rarely…

RDS.A

Royal Dutch Shell

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Royal Dutch Shell

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0.46 (0.83%)

BP

BP

$36.27

0.22 (0.61%)

XOM

Exxon Mobil

$68.30

1.06 (1.58%)

CVX

Chevron

$115.79

0.08 (0.07%)

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TGT

Target

$84.20

1.67 (2.02%)

, WMT

Walmart

$112.99

0.32 (0.28%)

07:40
08/17/19
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07:40
Periodicals
Grocery Outlet thriving as rivals struggle, Barron's says »

While Dow was down 800…

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Target

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1.67 (2.02%)

WMT

Walmart

$112.99

0.32 (0.28%)

GO

Grocery Outlet

$46.55

2.81 (6.42%)

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AEO

American Eagle

$15.40

0.63 (4.27%)

07:33
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American Eagle to soar despite trade war, Barron's says »

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ANGI

Angi Homeservices

$8.18

-0.18 (-2.15%)

, MTCH

Match Group

$84.53

2.08 (2.52%)

07:27
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08/17
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07:27
Periodicals
Dating business might be IAC's best asset, greatest challenge, Barron's says »

IAC (IAC) has rallied 34%…

ANGI

Angi Homeservices

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MTCH

Match Group

$84.53

2.08 (2.52%)

IAC

IAC

$249.17

4.21 (1.72%)

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AAPL

Apple

$206.44

4.71 (2.33%)

, HAS

Hasbro

$114.29

1.13 (1.00%)

07:13
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On The Fly
Week in review How Trump's policies moved stocks »

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Apple

$206.44

4.71 (2.33%)

HAS

Hasbro

$114.29

1.13 (1.00%)

MAT

Mattel

$10.74

(0.00%)

AGR

Avangrid

$49.29

0.37 (0.76%)

JPM

JPMorgan

$107.73

2.52 (2.40%)

BAC

Bank of America

$27.04

0.79 (3.01%)

C

Citi

$63.46

2.13 (3.47%)

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NCLH

Norwegian Cruise Line

$50.48

1.38 (2.81%)

18:04
08/16/19
08/16
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18:04
Hot Stocks
Norwegian Cruise Line CEO sells 25K shares of common stock »

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RM

Regional Management

$27.12

0.14 (0.52%)

18:01
08/16/19
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18:01
Hot Stocks
Regional Management CFO buys 5K shares of common stock »

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RTN

Raytheon

$178.10

-0.42 (-0.24%)

17:59
08/16/19
08/16
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17:59
Hot Stocks
Raytheon awarded $199.59M Navy contract for MK 15 CIWS »

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