Gilead Gets a Buy, Amgen a Hold and ORIC a Vote of Confidence: Wall Street's Latest Biopharma Calls Explained

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Jefferies initiated coverage on Gilead Sciences Inc. (GILD) with a Buy rating and a $180 price target, citing its strong intellectual property runway and operating margins. Amgen Inc. (AMGN) received a Hold rating with a $350 price target, as its recent 35% rally suggests limited near-term upside despite excellent execution. JPMorgan maintained an Overweight rating on Oric Pharmaceuticals Inc. (ORIC) after a competitor-driven selloff, believing the dip is unjustified given Oric’s differentiated oncology pipeline.

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