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Buy the dip in Incyte - Credit Suisse

Published 11/01/2017, 03:05 PM
© Reuters.  Buy the dip in Incyte - Credit Suisse
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  • An earnings beat this morning isn't stopping Incyte (INCY -3.9%) from a second straight day of sizable losses, and the stock's now lower by more than 20% over the last two months.
  • Buy the dip, says analyst Alethia Young, as the next nine months has the potential to be "transformational" for the company.
  • Incyte's base business in Jakafi continues to perform well, says Young, and recent deals mean the company is well-positioned for the next leg of growth beyond epacadostat.
  • Young has a $145 price target on INCY, suggesting 34% upside.
  • Source: Bailey Lipschultz at Bloomberg
  • Previously: Incyte beats by $0.10, beats on revenue (Oct. 31)
  • Now read: 3 Things In Biotech You Should Learn Today: October 13, 2017


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