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UPDATE Citi Lowers Price Target on Incyte to $15

According to Citi, Incyte (NASDAQ: INCY) price target is lowered to $15.

Citi said that it conducted a 25-physician survey in Nov. 2011 on the potential clinical adoption of Jakafi (ruxolitinib) in anticipation of the FDA approval. “On average, physicians expect to prescribe Jakafi in ~35% of their overall MF patients.”

Incyte closed on Friday at $14.24.

Posted-In: CitiAnalyst Color Price Target Analyst Ratings

 

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