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Fly News Breaks for February 11, 2016
INCY
Feb 11, 2016 | 09:40 EDT
JPMorgan analyst Cory Kasimov says stoppage of solid tumor trials with Jakafi, while an "obvious negative headline," is not a "thesis killer" for his Overweight rating on Incyte. The analyst says he already stripped most of the value from these indications out of his model following the stoppage of the Phase 2 trial last month. He expects shares of Incyte will be oversold today.
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