+ Follow on Forbes Markets|2/16/2012 @ 10:32AM |526 views Analyst Moves: ACOM, INCY 0 comments, 0 called-out + Comment now + Comment now 0 0 0 0 0 This morning, Bank of America downgraded shares of Ancestry.com (ACOM) to neutral as there are concerns about slowing growth at the company. With the downgrade, Bank of America set a price target of $31 per share.
In morning trading, shares of Ancestry.com were sharply lower, falling more than 17% so far today.
And Morgan Stanley downgraded shares of Incyte (INCY) from overweight to equal weight citing valuation. In the report, Morgan Stanley reiterated its price target of $16 per share.
Shares of INCY were higher despite the report, picking up 1.5%