The adjustment in price target by B of A Securities reflects a slight change in the valuation assessment of Incyte by analyst Tazeen Ahmad. While the rating remains Neutral, indicating no expected significant movement in either direction, the reduction in price target suggests a minor adjustment in expectations regarding Incyte's future performance. This could be due to a variety of factors such as market conditions, company performance, or sector trends. However, since the rating has not changed, the overall impact on the stock is likely to be moderate in the short term.