Deutsche Bank Maintains Buy Rating On CVD, ICLR

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Deutsche Bank is retaining its Buy rating on Covance Inc.
CVD
, “who is best positioned to capitalize on strategic deal momentum,” and ICON
ICLR
, “whose valuation discount to peers could unwind given potential operating margin expansion post recent restructuring.” Covance closed Wednesday at $60.86; ICON closed at $23.02.
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