Gilead up after Q3 results beat, forecast raise
** Drugmaker Gilead's GILD.O shares up 1.8% to $93.35 premarket
** Co's Q3 results beat Wall Street expectations on Wednesday as sales climbed 7%, leading the drugmaker to raise its forecast for FY earnings
** Q3 adj EPS of $2.02 and Q3 rev of $7.5 bln beats analysts' ests, as per data compiled by LSEG
** Co expects annual adj EPS of $4.25 to $4.45, up from $3.60 to $3.90 earlier
** Raises FY product sales forecast to $27.8 bln to $28.1 bln from prev expectation of $27.1 bln to $27.5 bln
** CEO Daniel O'Day said Gilead plans to file for U.S. regulatory approval of lenacapavir, a twice-yearly injection to prevent HIV infection, before the end of this year
** At least 5 brokerages raise target price on stock
** J.P. Morgan, on Wed, raised PT to $105 from $100
** Gilead remains on track for a launch for lenacapavir in PrEP in 2025, where we expect relatively quick uptake - J.P. Morgan
** RBC also raises PT to $81 from $75
** 18 of 32 brokerages rate GILD "buy" or higher, 14 "hold"; median PT is $91.55 - LSEG data
** As of last close, stock up 13.2% YTD
Reporting by Sukriti Gupta in Bengaluru
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