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0 -0.000386100386100446 0.000772200772200756 -0.00101351351351355 -9.65250965251459E-05 0.00106177606177606 0.00212355212355211 -0.000772200772200893
Stock impact report

Reassessing Incyte (INCY) Valuation After Wells Fargo's Neutral Downgrade [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
Wells Fargo's recent downgrade of Incyte (INCY) to a more neutral rating, citing already realized positives and limited near term catalysts, has prompted investors to reassess what will drive the stock from this point forward. See our latest analysis for Incyte. The Wells Fargo downgrade comes after a strong run, with a 16.53% 90 day share price return and a 39.68% 1 year total shareholder return. This suggests earlier optimism has already been reflected, while shorter term momentum has cooled. If you are looking beyond a single biopharma name, this could be a good moment to scan other US healthcare stocks for different risk and growth profiles. With Incyte now trading almost in line with the latest analyst target and showing a very high intrinsic value score, the key question is whether the recent strength leaves the shares fully priced or if the market is still underestimating future growth. Incyte is trading on a P/E of 17x, compared with peer and sector averages closer Show less Read more
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