Boston, MA 02/10/2014 (wallstreetpr) – Gilead Sciences, Inc. (NASDAQ:GILD) had its stock price objective hoisted by analysts at RBC Capital. The analysts now have $96 price target, up from the previous target of $90 per share. This new price target reveals a significant potential upside on the stock considering that it is presently trading around $78.75 per share as of Friday closing. RBC Capital rates the stock an “outperform.” At least 26 analysts have recently commented on GILD, thus resulting in average “buy” rating and consensus $85.31 price target on the stock. In the current fiscal year, analysts hope that Gilead Sciences, Inc. (NASDAQ:GILD) will register $3.66 EPS.
Green Mountain Coffee Roasters Inc. (NASDAQ:GMCR) remains a hot stock and this can be seen in its meteoric rise last week whereby it spent the better part of the week deep in the green after entering into a 10-year deal with Sprite-maker The Coca-Cola Co. (NYSE:KO). GMCR stock climbed 26 percent Thursday and went on to add another 5.5 percent to its market value on Friday. The company will over the agreement duration, help KO change how its various drinks are distributed. Basically, this agreement with make it possible for families to create their own various KO products at home. As part of the deal, KO has acquired 10 percent in GMCR with the option to raise this minority stake to 16 percent in open market purchase. Green Mountain Coffee Roasters Inc. (NASDAQ:GMCR) received $1.25 billion from KO in stake acquisition.
Yahoo! Inc. (NASDAQ:YHOO) is leaving Switzerland to set its European tax base in Ireland, yet the company says that the move has nothing to do with desire to cut its tax bills. Instead, the company said that the shift of base suggests its well known efforts to streamline its operations in Europe. The shift seen in Yahoo! Inc. (NASDAQ:YHOO) could be seen in many other tech companies choosing to set base outside of Switzerland, a move that attracts attractive tax rates.
