Jefferies Maintains Buy Rating on Incyte

By Steven Anfield
Benzinga Staff Writer
December 12, 2011 8:12 AM

Symbols: ASH, INCY

Posted in: Analyst Color, Analyst Ratings

According to Jefferies, Incyte (NASDAQ: INCY) Buy rating is maintained.

Jefferies said that overall survival data highlighted during the weekend at the American Society of Hematology (ASH) meeting from the COMFORT-1 study should help Jakafi gain rapid adoption among physicians. “Separately, data on a new competitor (LY2784544) solidify Jakafi's best-in-class positioning.”

Incyte closed on Friday at $13.60.

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Jefferies Maintains Buy Rating on Incyte

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