On Oct 25, major Wall Street analysts update their ratings for $Icon PLC (ICLR.US)$, with price targets ranging from $275 to $350.
BofA Securities analyst Michael Ryskin maintains with a buy rating.
Barclays analyst Luke Sergott maintains with a buy rating, and adjusts the target price from $330 to $275.
Evercore analyst Elizabeth Anderson CFA maintains with a buy rating, and maintains the target price at $350.
TD Cowen analyst Charles Rhyee maintains with a buy rating, and maintains the target price at $285.
Furthermore, according to the comprehensive report, the opinions of $Icon PLC (ICLR.US)$'s main analysts recently are as follows:
The recent decline in Icon's share price is seen as an overreaction. It is believed that the challenges the company is encountering are temporary in nature, rather than permanent structural concerns.
The reassessment of the model for Icon follows earnings updates, reflecting a trend within the CRO sector's difficulty in forecasting even the immediate quarter, much less the full year ahead.
Here are the latest investment ratings and price targets for $Icon PLC (ICLR.US)$ from 4 analysts:
Note:
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