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UPDATE: Morgan Stanley Reiterates On Incyte On ASCO Abstracts

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In a report published Thursday, Morgan Stanley analyst David Friedman reiterated an Underweight rating on Incyte (NASDAQ: INCY), but removed the $14.00 price target.

In the report, Morgan Stanley noted, “OS and PFS data trended together and seem to be generating a clinically meaningful pt benefit. While we have not seen the K-M survival curves, the subgroup data at 3 and 6 months suggest a solid OS curve for the drug if replicated in larger Ph 3 trials, despite a low response rate (likely a smaller issue).”

Incyte closed on Wednesday at $55.90.

Latest Ratings for INCY

DateFirmActionFromTo
Jan 2021Truist SecuritiesInitiates Coverage OnBuy
Nov 2020Morgan StanleyMaintainsEqual-Weight
Nov 2020BMO CapitalMaintainsMarket Perform

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