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Incyte price target raised to $118 from $114 at BofA

BofA analyst Tazeen Ahmad raised the firm’s price target on Incyte (INCY) to $118 from $114 and keeps a Buy rating on the shares. Updated INCA033989 data in second-line myelofibrosis presented at the ASH meeting reinforces the drug’s potential differentiated profile, the analyst tells investors.

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