Intercept Pharma (ICPT) Got Some Bad News


H.C. Wainwright analyst Ed Arce downgraded Intercept Pharma (ICPT) to Sell yesterday and set a price target of $25.00. The company’s shares closed last Tuesday at $28.12, close to its 52-week low of $23.78.

According to TipRanks.com, Arce is a 5-star analyst with an average return of 17.1% and a 45.3% success rate. Arce covers the Healthcare sector, focusing on stocks such as Aurinia Pharmaceuticals, Paratek Pharmaceuticals, and Mirum Pharmaceuticals.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Intercept Pharma with a $54.50 average price target.

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The company has a one-year high of $98.03 and a one-year low of $23.78. Currently, Intercept Pharma has an average volume of 1.02M.

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Intercept Pharmaceuticals, Inc. is a biopharmaceutical company, which engages in the research, development, and commercialization of novel therapeutics in treating chronic liver diseases. Its product pipeline is OCALIVA which is used for the treatment of primary biliary cholangitis, nonalcoholic steatohepatitis, primary sclerosing cholangitis, and biliary atresia. The company was founded by Mark E. Pruzanski and Roberto Pellicciari on September 4, 2002 and is headquartered in New York, NY.

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