Citi initiated coverage of Gilead (GILD) with a Buy rating and $125 price target The firm says that despite the stock’s near-term outperformance, it remains bullish based primarily on upside from Biktarvy led near-term HIV growth and lenacapavir driven long-term growth. It sees “upside growth” in Gilead’s combined HIV franchise and believes lenacapavir “could boost” its next phase of growth.
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