RBC Capital Maintains Sector Perform on Incyte, Lowers Price Target to $63
Portfolio Pulse from Benzinga Newsdesk
RBC Capital analyst Brian Abrahams has maintained a 'Sector Perform' rating on Incyte (NASDAQ:INCY) but lowered the price target from $74 to $63.
November 01, 2023 | 4:35 pm
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NEGATIVE IMPACT
Incyte's price target has been lowered from $74 to $63 by RBC Capital, though the 'Sector Perform' rating is maintained.
The lowering of the price target by RBC Capital indicates a less optimistic outlook for Incyte's stock in the short term. This could potentially lead to a decrease in the stock's price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100