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Gilead Stock Has Gained More Than 20% This Year. Now It’s Time for a Downgrade.
Now, UBS analyst Navin Jacob says that the stock had climbed high enough. In a note out Monday morning, Jacob downgraded Gilead (ticker: GILD) to Buy, from Neutral, writing that “the risk/reward appears balanced,” and that he was making the downgrade based “on valuation.” Jacob set a price target of $80, an increase from his previous price target of $77.
https://finance.yahoo.com/m/f0d6f08...3/gilead-stock-has-gained-more.html?.tsrc=rss
Now, UBS analyst Navin Jacob says that the stock had climbed high enough. In a note out Monday morning, Jacob downgraded Gilead (ticker: GILD) to Buy, from Neutral, writing that “the risk/reward appears balanced,” and that he was making the downgrade based “on valuation.” Jacob set a price target of $80, an increase from his previous price target of $77.
https://finance.yahoo.com/m/f0d6f08...3/gilead-stock-has-gained-more.html?.tsrc=rss
