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NVS - Incyte: An Undervalued Biotech With Catalysts
November, 04 2019 06:21 AM
Novartis AG
Background I turned bearish on Incyte (INCY ) in early May 2017, with summary comments in an article on it including the following:
Even though the stock looked good in the $117-118 range on the way up a few months ago, there are more negatives now... Thus, while INCY is "in play" and may attract a takeover bid, I'm less positive on its $25 B valuation than I might have been, and am not buying yet. Now, INCY is down to the $83-74 range even though the S&P 500 (SPY ) is much
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Stock Information
Company Name:
Novartis AG
Stock Symbol:
NVS
Market:
NYSE
Website:
novartis.com
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