Why Gilead Sciences Stock Is Jumping Today

Why Gilead Sciences Stock Is Jumping Today

Shares of Gilead Sciences (NASDAQ: GILD) were jumping 6.7% higher as of 11:21 a.m. EST on Tuesday. The gain came after Morgan Stanley analyst Matthew Harrison upgraded the stock to overweight from equal weight. Harrison set a one-year price target for Gilead of $83, reflecting a premium of 31% above the closing price on Friday.