Actionable news
All posts from Actionable news
Actionable news in ICPT: Intercept Pharmaceuticals, Inc.,

Intercept Pharma (ICPT) Stock Slips, Downgraded at Morgan Stanley

NEW YORK (TheStreet) -- Shares of Intercept Pharmaceuticals (ICPT - Get Report) are sliding 4.79% to $155.99 on heavy trading volume Friday afternoon as Morgan Stanley downgraded the stock to "underweight" from "equal weight" earlier today.

The firm also cut its price target on the stock to $80 from $100.

Yesterday, an FDA panel backed the New York-based biopharmaceutical company's drug obeticholic acid (OCA) for use in patients with primary biliary cirrhosis (PBC).

Back by Popular Demand…“Confessions of a Street Addict” Get a FREE signed copy of Jim Cramer’s national best-seller when you gain access to his multi-million dollar charitable trust portfolio! Click here to see Jim’s holdings and get your FREE gift.

However, the panel failed to...