As previously reported, Cantor Fitzgerald initiated coverage of Incyte with a Neutral rating and no price target. While the firm views shares as “inexpensive,” it expresses a “lukewarm view on prospects for the company’s pipeline” and thinks Incyte should pursue a course of action that includes a major stock buyback and further R&D prioritization in advance of key pipeline readouts in 2025 and 2026, the analyst tells investors.
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