Leerink Partners Upgrades Incyte to Outperform, Announces $78 Price Target
Portfolio Pulse from Benzinga Newsdesk
Leerink Partners analyst Andrew Berens has upgraded Incyte (NASDAQ:INCY) from Market Perform to Outperform and set a price target of $78. This upgrade reflects a positive outlook on Incyte's stock performance.
December 13, 2023 | 1:16 pm
News sentiment analysis
Sort by:
Descending
POSITIVE IMPACT
Incyte has been upgraded by Leerink Partners from Market Perform to Outperform with a new price target of $78, indicating a bullish stance on the stock.
Analyst upgrades typically lead to a positive short-term reaction in the stock market as they suggest a better-than-expected future performance. The new price target of $78 by Leerink Partners is likely to set a higher expectation among investors, potentially driving up the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100