Truist Securities Downgrades Incyte to Hold, Lowers Price Target to $74
Portfolio Pulse from Benzinga Newsdesk
Truist Securities has downgraded Incyte from Buy to Hold and reduced its price target from $83 to $74.
September 18, 2024 | 11:56 am
News sentiment analysis
Sort by:
Descending
NEGATIVE IMPACT
Truist Securities downgraded Incyte from Buy to Hold and reduced the price target from $83 to $74, indicating a less optimistic outlook.
The downgrade from Buy to Hold suggests that the analyst sees limited upside potential in the stock, which could lead to a negative short-term impact on the stock price. The lowered price target further supports this view.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100