Stock Rating Downgrade
The Value Trend Rating for Incyte Corp (NASDAQ: INCY) weakened recently from B to C reflecting eroding fundamentals and low Appreciation Potential. Details supporting this lower rating are included in our next report.
Recent Price Action
Incyte Corp (NASDAQ: INCY) stock closed at $63.56 on 9/13/24 after a modest gain of 0.3%. NORMAL trading volume accompanied the advance. The stock has risen 1.0% during the last week and has performed in line with the market over the last nine months.
Current PriceTarget Research Rating
INCY’s future returns on capital are forecasted to exceed the cost of capital. Accordingly, the company is expected to continue to be an important Value Builder.
Incyte has a current Value Trend Rating of C (Neutral). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing consistent signals. Incyte has a slightly positive Appreciation Score of 67 and a neutral Power Rating of 47, and the Neutral Value Trend Rating results.
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