Morgan Stanley Maintains Equal-Weight on Gilead Sciences, Raises Price Target to $88
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley analyst Matthew Harrison has maintained an Equal-Weight rating on Gilead Sciences (NASDAQ:GILD) and raised the price target from $86 to $88.
August 04, 2023 | 5:05 pm
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Morgan Stanley has maintained an Equal-Weight rating on Gilead Sciences and raised the price target from $86 to $88, which could potentially influence the stock's performance.
The raised price target by Morgan Stanley indicates a positive outlook for Gilead Sciences. This could potentially lead to an increase in the stock's price as it suggests that the analyst believes the stock is worth more than its current market price. However, the Equal-Weight rating suggests that the stock is expected to perform in line with the market or other stocks in its sector, indicating a neutral stance.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100