Incyte (INCY) PT Lowered to $144 at BMO Capital
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Price: $123.23 +0.01%
Rating Summary:
18 Buy, 17 Hold, 1 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 10 | Down: 6 | New: 33
Rating Summary:
18 Buy, 17 Hold, 1 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 10 | Down: 6 | New: 33
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BMO Capital lowered its price target on Incyte (NASDAQ: INCY) to $144.00 (from $170.00) while maintaining a Outperform rating.
Analyst M. Ian Somaiya pushes out US launch timelines for baricitinib by 3 years citing the FDA need for additional dosing and safety data noting new trials will need to be done.
Somaiya lowers FY 2017 EPS estimate from $0.51 to $0.24 and lowers FY 2018 EPS estimate from $1.20 to $1.02.
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