Iqvia downgraded to Hold from Buy at TD Cowen

TD Cowen downgraded Iqvia (IQV) to Hold from Buy with a price target of $215, up from $206. The company’s outlook now has “greater visibility and stability,” but the stock’s current valuation now largely reflects its 2026 growth outlook, the analyst tells investors in a research note. TD believes “still generally subdued” market conditions and margin pressures present less room for estimate upside in 2026 for Iqvia.