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-4.87662147663655E-05 0 -0.0030722715302838 -0.000341363503364836 0.00438895932897691 0.00068272700672981 0.00068272700672981 0.00068272700672981
Stock impact report

Analysts Differ in Opinion on Jakafi Drug Maker Incyte (INCY) [Yahoo! Finance]

Incyte Corporation (INCY) 
Last incyte corporation earnings: 2/13 07:00 am Check Earnings Report
US:NASDAQ Investor Relations: incyte.com/ir/investor-overview.aspx
Company Research Source: Yahoo! Finance
Tazeen Ahmad assigned a Buy rating to Incyte and set a $118 price target. This bullish ratings action stands in contrast to Wells Fargo's downgrade of Incyte Corp (NASDAQ:INCY) to Equal Weight from Overweight on January 20. According to Wells Fargo, which also lowered the stock's price target to $107 from $116, the downgrade reflects the company's current valuation and limited near-term growth drivers. Earlier this month, two analysts offered contrasting views on Incyte Corp (NASDAQ:INCY), particularly regarding its myelofibrosis medication Jakafi. On January 6, TD Cowen analyst Marc Frahm affirmed his Buy rating on the stock, citing the company's transition beyond relying on Jakafi. However, on January 14, William Blair analyst Matt Phipps gave a hold rating on Incyte Corp (NASDAQ:INCY), noting that while the company seeks growth beyond Jakafi, it remains to be seen whether its next wave of products can offset the anticipated peak and decline of Jakafi revenues toward the end of th Show less Read more
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