Incyte price target raised to $88 from $80 at Citi

Citi raised the firm’s price target on Incyte to $88 from $80 and keeps a Buy rating on the shares. The company reported a Q2 beat on better than expected growth for key franchises, including Jakafi and Opzelura, the analyst tells investors in a research note. The firm continues to view Incyte as well positioned as Jakafi and Opzelura drive commercial execution, and pipeline progress sets the stage for numerous readouts looking ahead.