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Wednesday, May 30, 2018

Incyte started at buy by Piper


Incyte assumed with an Overweight at Piper Jaffray. Piper Jaffray analyst Tyler Van Buren assumed coverage of Incyte (INCY) with an Overweight rating and $85 price target, stating that he expects Jakafi to produce durable, high-margin revenues approaching $2.5-$3B over the next ten years and predicts Incyte and partner Lilly (LLY) will receive an approval for baricitinib next week.

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