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INCY

Incyte

$71.15

0.85 (1.21%)

07:09
07/13/18
07/13
07:09
07/13/18
07:09

Incyte downgraded to Equal Weight from Overweight at Morgan Stanley

  • 31

    Jul

INCY Incyte
$71.15

0.85 (1.21%)

06/26/18
RBCM
06/26/18
DOWNGRADE
RBCM
Sector Perform
Incyte downgraded to Sector Perform from Outperform at RBC Capital
06/26/18
RBCM
06/26/18
DOWNGRADE
Target $74
RBCM
Sector Perform
Incyte downgraded to Sector Perform at RBC Capital on valuation
As reported earlier, RBC Capital analyst Brian Abrahams downgraded Incyte to Sector Perform from Outperform and lowered his price target to $74 from $76. The analyst notes that as he previously suggested, the market overreacted to the setbacks suffered by the company's epacadostat and baricitini programs when he also forecasted a rally to reflect the "substantial Jakafi growth opportunity through its out-year patent cliff". With the stock price up 23% from the bottom, Abrahams claims that his prediction has played out, keeping the stock price trading in line until greater visibility on new revenue opportunities emerges.
06/26/18
06/26/18
DOWNGRADE

On The Fly: Top five analyst downgrades
Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. Intel (INTC) downgraded to Underperform from Market Perform at Bernstein with analyst Stacy Rasgon saying she sees the CEO change and leadership vacuum providing some protection from further upward revisions, EPS growth slowing into 2019 as compares get harder and structural issues build, and an increasingly competitive environment. 2. LendingTree (TREE) downgraded to Neutral from Buy at Compass Point with analyst Michael Tarkan citing mortgage deceleration and remaining long-term cycle risks. 3. AMC Networks (AMCX) downgraded to Neutral from Buy at Goldman Sachs with analyst Drew Borst saying slowing advertising growth due to rating headwinds from The Walking Dead franchise and affiliate fee growth challenges in the pay TV ecosystem are a risk to earnings estimates. 4. Square (SQ) downgraded to Equal Weight from Overweight at Stephens with analyst Brett Huff stating that after a "truly remarkable" stock price acceleration over the past two years, he thinks Square is a "special" company, but is taking a breather. 5. Incyte (INCY) downgraded to Sector Perform from Outperform at RBC Capital with analyst Brian Abrahams noting that as he previously suggested, the market overreacted to the setbacks suffered by the company's epacadostat and baricitini programs when he also forecasted a rally to reflect the "substantial Jakafi growth opportunity through its out-year patent cliff". This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
07/13/18
MSCO
07/13/18
DOWNGRADE
Target $76
MSCO
Equal Weight
Incyte downgraded to Equal Weight from Overweight at Morgan Stanley
Morgan Stanley analyst Matthew Harrison downgraded Incyte to Equal Weight from Overweight as he believes key catalysts are unlikely until 2019 and he expects the stock to trade with the market in the meantime. However, Harrison said he is positive on the depth and diversity of the company's pipeline following the analyst day deep-dive and he thinks 2019 could be a pivotal year. He maintains a $76 price target on Incyte shares.

TODAY'S FREE FLY STORIES

XERS

Xeris Pharmaceuticals

$18.26

-0.18 (-0.98%)

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INST

Instructure

$44.93

-0.225 (-0.50%)

06:53
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Instructure initiated  »

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BAC

Bank of America

$28.54

-0.24 (-0.83%)

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Bank of America CEO says solid operating leverage drove earnings in Q2 »

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  • 16

    Jul

USO

United States Oil Fund

$14.47

0.085 (0.59%)

06:53
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Technical Analysis
United States Oil Fund: Pivot points, pivot low broken »

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IIIV

i3 Verticals

$16.73

-0.025 (-0.15%)

06:52
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07/16
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KRYS

Krystal Biotech

$17.14

0.08 (0.47%)

06:52
07/16/18
07/16
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06:52
Conference/Events
Krystal Biotech management to meet with Oppenheimer »

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  • 18

    Jul

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XOP

SPDR Oil Exploration and Production Fund

$43.19

0.06 (0.14%)

06:52
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Technical Analysis
SPDR Oil Exploration and Production Fund: Pivot points »

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BAC

Bank of America

$28.54

-0.24 (-0.83%)

06:51
07/16/18
07/16
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06:51
Hot Stocks
Bank of America reports Q2 average loan balances in business segments up 5% »

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  • 16

    Jul

DGAZ

VelocityShares 3x Inv Natural Gas ETN

$26.43

0.89 (3.48%)

06:51
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VelocityShares 3x Inv Natural Gas ETN: Pivot points »

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NBIX

Neurocrine

$102.95

0.17 (0.17%)

, TEVA

Teva

$23.29

-0.45 (-1.90%)

06:51
07/16/18
07/16
06:51
07/16/18
06:51
Recommendations
Neurocrine, Teva analyst commentary  »

Neurocrine price target…

NBIX

Neurocrine

$102.95

0.17 (0.17%)

TEVA

Teva

$23.29

-0.45 (-1.90%)

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  • 31

    Jul

  • 10

    Sep

  • 16

    Sep

UGAZ

VelocityShares 3x Long Natural Gas ETN

$54.61

-2.06 (-3.64%)

06:50
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Technical Analysis
VelocityShares 3x Long Natural Gas ETN: Pivot points »

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BAC

Bank of America

$28.54

-0.24 (-0.83%)

06:50
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07/16
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06:50
Hot Stocks
Bank of America reports Q2 NII up 6% to $11.7B »

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  • 16

    Jul

ERJ

Embraer

$21.50

-0.78 (-3.50%)

06:49
07/16/18
07/16
06:49
07/16/18
06:49
Periodicals
Embraer sees demand for 10,550 smaller jets in next 20 years, Reuters reports »

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  • 16

    Jul

EPRT

Essential Properties Realty Trust

$14.00

(0.00%)

06:49
07/16/18
07/16
06:49
07/16/18
06:49
Initiation
Essential Properties Realty Trust initiated  »

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EWZ

MSCI Brazil Index

$34.05

0.67 (2.01%)

06:49
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Technical Analysis
MSCI Brazil Index: Pivot points »

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VNTR

Venator Materials

$16.76

0.07 (0.42%)

, TROX

Tronox

$19.31

-0.28 (-1.43%)

06:49
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Venator Materials to acquire European paper laminates business from Tronox »

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VNTR

Venator Materials

$16.76

0.07 (0.42%)

TROX

Tronox

$19.31

-0.28 (-1.43%)

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  • 31

    Jul

  • 08

    Aug

PSA

Public Storage

$228.07

-1.43 (-0.62%)

06:48
07/16/18
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06:48
Downgrade
Public Storage rating change  »

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  • 02

    Aug

EFA

iShares MSCI EAFE Index Fund

$67.80

0.21 (0.31%)

06:48
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Technical Analysis
iShares MSCI EAFE Index Fund: Pivot points »

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BAC

Bank of America

$28.54

-0.24 (-0.83%)

06:48
07/16/18
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Bank of America reports Q2 return on average assets 1.17% »

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  • 16

    Jul

BRO

Brown & Brown

$28.76

0.025 (0.09%)

06:48
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07/16
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06:48
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Brown & Brown subsidiary acquires Professional Disability Associates »

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  • 24

    Jul

JNK

SPDR Barclays High Yield Bond

$35.69

(0.00%)

06:48
07/16/18
07/16
06:48
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06:48
Technical Analysis
SPDR Barclays High Yield Bond: Pivot points »

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ITCI

Intra-Cellular

$20.45

-0.11 (-0.54%)

06:47
07/16/18
07/16
06:47
07/16/18
06:47
Conference/Events
Intra-Cellular management to meet with RBC Capital »

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  • 18

    Jul

SJB

ProShares Short High Yield

$22.95

-0.055 (-0.24%)

06:47
07/16/18
07/16
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06:47
Technical Analysis
ProShares Short High Yield: Pivot points »

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OSUR

OraSure

$17.32

0.01 (0.06%)

06:46
07/16/18
07/16
06:46
07/16/18
06:46
Downgrade
OraSure rating change  »

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  • 18

    Jul

  • 08

    Aug

NEP

NextEra Energy Partners

$45.91

-0.51 (-1.10%)

06:46
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07/16
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Downgrade
NextEra Energy Partners rating change  »

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  • 25

    Jul

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