Jefferies upgraded Iqvia (IQV) to Buy from Hold with a price target of $225, up from $195. The firm names the company its new top pick among the contract research organizations. The company’s “stronger” business-to-business metrics and workforce stability signal that it is holding up better than peers, the analyst tells investors in a research note. The firm believes Iqvia’s less customer concentration relative to the sector means it can likely absorb pharma restructurings and should drive a higher valuation.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on IQV:
- Stability and Growth Prospects Drive Buy Rating for IQVIA Holdings Amid Leadership Transition
- Iqvia price target lowered to $214 from $228 at Rothschild & Co Redburn
- IQVIA Holdings: Strong Buy Rating Amid CFO Transition and Growth Prospects
- IQVIA Holdings Announces New CFO Appointment
- Iqvia CFO Ron Bruehlman to retire, Michael Fedock to succeed