finance.yahoo.com

Bank of America Keeps Buy Rating as Gilead HIV Prevention Persists Above 70%

Bank of America logoBank of America
Sig1.22Sen+2.48Env0.00Soc0.00Gov0.00
Gilead Sciences logoGilead Sciences
Sig2.25Sen+4.40Env0.00Soc+3.10Gov0.00

The bank reiterated its Buy rating and $162 price target after Gilead’s stronger-than-expected second-quarter results. Gilead posted $7.6 billion in product sales and raised full-year guidance to $29.8–$30.1 billion. A key focus was that, about a year after launch, more than 70% of patients remained on HIV prevention therapy, supporting PrEP momentum.

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