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Gilead Sciences (GILD) Receives a Buy from Citi

Tipranks - Tipranks - Thu Jun 4, 6:36AM CDT

Citi analyst Geoff Meacham maintained a Buy rating on Gilead Sciences today and set a price target of $165.00.

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Meacham covers the Healthcare sector, focusing on stocks such as Eli Lilly & Co, Merck & Company, and Pfizer. According to TipRanks, Meacham has an average return of 8.6% and a 54.62% success rate on recommended stocks.

In addition to Citi, Gilead Sciences also received a Buy from Wells Fargo’s Mohit Bansal in a report issued yesterday. However, on June 1, RBC Capital maintained a Hold rating on Gilead Sciences (NASDAQ: GILD).

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Based on Gilead Sciences’ latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $6.96 billion and a net profit of $2.02 billion. In comparison, last year the company earned a revenue of $6.67 billion and had a net profit of $1.32 billion

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