Gilead Gets Wall Street Love After Q2 Earnings Beat
Big biotech Gilead Sciences (GILD) got a passel of price target increases and jumped more than 5.5% on the stock market Wednesday in the wake of its stellar Q2 report late Tuesday. Analysts noted the strong sales of hepatitis C virus (HCV) drugs and the increased guidance, from a company known for conservative forecasting. Piper Jaffray analyst Joshua Schimmer raised his price target on Gilead stock to 134 from 131 based on the news. “While the