Icon price target lowered to $240 from $275 at Barclays

Barclays analyst Luke Sergott lowered the firm’s price target on Icon (ICLR) to $240 from $275 and keeps an Overweight rating on the shares. The company’s Q4 bookings came in better than expected, but the key will be on Q1 bookings and the implication for growth for the remainder of the year, the analyst tells investors in a research note. The firm is looking for signs that the market is not rolling over further so it can start to call the bottom.