Incyte offering a ‘buying opportunity on weakness’ says RBC Capital

RBC Capital analyst Brian kept his Outperform rating on Incyte, saying that Friday’s selloff on the announced departure of its CFO is a “buying opportunity” as the stock remains a “compelling value”. The analyst notes that the recent rise in the stock price reflects the recognition of its “solid commercial and broad pipeline assets”, further pointing out the potential for the company to improve efficiencies in its business model.
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