Jefferies lifts target on Incyte

Jefferies has some "positive commentary from four investigators involved" in Incyte's (INCY +3.3%) Phase 2 IDO inhibitor/ ipilimumab study.

Analyst Thomas Wei thinks the combo "could show a response rate at least in the 20-30% range, materially higher than IPI alone."

Wei is "unconcerned" with reports of elevated liver enzymes.

Price target hiked to $75 from $44.

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Comments (1)
  • Polyman777
    , contributor
    Comments (6) | Send Message
    That is indeed good news, but I am not surpised as I have been following INCY since Mid 90's and added to my shareholding in the last 5 years inspite of the volataility.
    10 Jan 2014, 11:47 AM Reply Like
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