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Fly News Breaks for February 28, 2019
ICPT
Feb 28, 2019 | 14:02 EDT
Cantor Fitzgerald analyst Alethia Young raised her price target for Intercept to $191 from $170 after the company reported Q4 earnings, and as she believes the REGENERATE NASH safety update was "very important too." The analyst also increased her NASH Probability of Success to 85% from 75% and reiterated the stock as one of her top franchise picks. Young thinks the recent pullback in the shares is unwarranted, and believes the stock looks cheap relative to her conviction in REGENERATE. The analyst reiterates an Overweight rating on the shares.
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