Morgan Stanley Remains a Hold on Incyte (INCY)
Morgan Stanley analyst Vikram Purohit maintained a Hold rating on Incyte (INCY) today and set a price target of $100.00. The company’s shares closed last Thursday at $97.59.
According to TipRanks.com, Purohit has 0 stars on 0-5 stars ranking scale with an average return of -35.0% and a 16.7% success rate. Purohit covers the Healthcare sector, focusing on stocks such as DBV Technologies SA – American, Theravance Biopharma, and Radius Health.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Incyte with a $106.14 average price target, an 8.5% upside from current levels. In a report issued on July 23, Stifel Nicolaus also maintained a Hold rating on the stock.
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The company has a one-year high of $110.37 and a one-year low of $62.48. Currently, Incyte has an average volume of 1.45M.
Based on the recent corporate insider activity of 144 insiders, corporate insider sentiment is neutral on the stock.
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Incyte Corp. is a biopharmaceutical company, which engages in the discovery, development and commercialization of proprietary therapeutics. Its portfolio includes compounds in various stages, ranging from preclinical to late stage development, and commercialized products such as JAKAFI (ruxolitinib), and ICLUSIG (ponatinib). The company was founded by Roy A. Whitfield in April 1991 and is headquartered in Wilmington, DE.
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