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Intercept Pharmaceuticals (ICPT) PT Lowered to $106 at Citi

May 30, 2019 7:30 AM EDT

Citi analyst Joel Beatty lowered the price target on Intercept Pharmaceuticals (NASDAQ: ICPT) to $106.00 (from $140.00) while maintaining a Neutral rating. Beatty believes obeticholic acid is very likely to receive approval for NASH in ~3Q20, and see the drug becoming the standard of care for... More