BofA analyst Michael Ryskin lowered the firm’s price target on Icon (ICLR) to $195 from $204 and keeps a Buy rating on the shares, stating that a guidance cut was “largely expected” following commentary in March regarding the two large next-gen COVID clinical trials. While the update was “incrementally negative,” the firm thinks it was at least partially expected and priced into shares, adding that it believes Icon continues to execute well on what they can control despite the challenging market environment and remains well positioned once the macro improves.
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Read More on ICLR:
- Icon’s Strategic Management and Cost Control Position for Long-term Growth Amid Market Challenges
- Icon price target lowered to $160 from $192 at Baird
- Icon price target lowered to $155 from $165 at Barclays
- Icon’s Strategic Management and Valuation Present Compelling Buy Opportunity Amid Challenges
- ICON plc Reports Q1 2025 Financial Results
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