Gilead Sciences shares are trading lower. Deutsche Bank initiated coverage on the stock with a Hold rating.
Portfolio Pulse from Benzinga Newsdesk
Deutsche Bank has initiated coverage on Gilead Sciences with a Hold rating, leading to a decrease in the company's share price.

November 09, 2023 | 7:21 pm
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Gilead Sciences' stock price is trading lower after Deutsche Bank initiated coverage with a Hold rating.
Deutsche Bank's initiation of coverage with a Hold rating suggests that the bank does not see significant upside potential in Gilead Sciences' stock in the near term. This could lead to a decrease in demand for the stock, thereby putting downward pressure on its price.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100