Market Overview

UPDATE: Jefferies & Company Reiterates Buy Rating, Raises PT on ICON plc

Related ICLR
ICON May Miss Revenue Guidance, But Baird Still Bullish
A Peek Into The Markets: U.S. Stock Futures Slide Ahead Of Consumer Sentiment Report
Is Medpace The Next Healthcare IPO Big Winner? (Seeking Alpha)

In a report published Wednesday, Jefferies & Company reiterated its Buy rating on ICON plc (NASDAQ: ICLR), and raised its price target from $29.00 to $32.00.

Jefferies noted, “ICON's investor day focused on the competitive differentiation and margin leverage that should come from recent technology and informatics investments. With robust backlog growth, management's revenue outlook for 2013 appears conservative. Nonetheless, efficiency improvements, utilization, and centralized support should drive considerable margin improvement, likely to the 10%+ level before 2013 is over.”

ICON plc closed on Tuesday at $27.66.

Latest Ratings for ICLR

Jul 2016JefferiesMaintainsHold
Jun 2016Credit SuisseInitiates Coverage onOutperform
Jun 2016Avondale PartnersDowngradesMarket PerformMarket Underperform

View More Analyst Ratings for ICLR
View the Latest Analyst Ratings

Posted-In: Jefferies & CompanyAnalyst Color Price Target Analyst Ratings


Related Articles (ICLR)

View Comments and Join the Discussion!