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Why Gilead Sciences, Inc. Won Big Today

By Dave Williamson – Feb 4, 2014 at 9:26PM

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Gilead Sciences won big in the biotech space today. How should investors play this move?

Shares of Gilead Sciences (GILD 0.98%) were up nearly 4% today ahead of its earnings call after market close. Sales of its drug Sovaldi are absolutely crushing expectations, and Baird has recently upgraded the stock to "outperform" and given it a price target of $103.

In this video, Motley Fool health-care analyst David Williamson looks at Sovaldi sales and how much Gilead stands to benefit, and also how this may be a rising tide lifting other boats, including AbbVie (ABBV 0.14%).

David Williamson owns shares of AbbVie. The Motley Fool recommends Gilead Sciences. We Fools don't all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

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Stocks Mentioned

Gilead Sciences Stock Quote
Gilead Sciences
GILD
$86.26 (0.98%) $0.84
AbbVie Stock Quote
AbbVie
ABBV
$159.62 (0.14%) $0.23

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