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Fly News Breaks for March 21, 2017
INCY, MRUS
Mar 21, 2017 | 05:36 EDT
Citi analyst Yigal Nochomovitz downgraded Merus (MRUS) to Neutral saying that while the company's fundamentals continue to look "solid," the stock is fairy valued after rallying 50% following the Incyte (INCY) deal. The analyst raised his price target for the shares to $31 from $26.