INCY Maintained by RBC Capital -- Price Target Raised to $109

RBC Capital has maintained its 'Sector Perform' rating for Incyte (INCY) while increasing its price target from $99 to $109. Despite this, GuruFocus indicates that INCY is currently 27.1% overvalued with a GF Value of $100.46 compared to its price of $127.67, and insider activity shows net selling. The company has a strong GF Score of 86/100, driven by excellent financial strength and profitability, but its valuation rank is lower.