UBS raises Gilead Sciences stock price target on HIV pipeline data

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UBS has increased its price target for Gilead Sciences (NASDAQ:GILD) to $175 from $155, maintaining a Buy rating, based on upcoming Phase I data for long-acting HIV treatment candidates. The firm highlighted Gilead’s strategy to introduce six-month treatments to transition patients from daily oral medications, emphasizing the company’s leadership in the $15 billion HIV treatment market. This follows Gilead’s strong fourth-quarter revenue and adjusted EPS, which surpassed expectations due to robust sales in HIV and oncology segments.

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