Jefferies maintained ICON plc ICLR with a Buy rating and raised the price target from $33.50 to $38.00.
Jefferies analyst David Windley noted, "Bookings growth over the last year has accelerated, after trailing peers prior to mid-'11. Backlog conversion has dropped with that acceleration in bookings, falling below 11% initially, but is now rebounding. The company is in earlier stages of a maturation process that sees its business focus increasingly on a shorter list of very large clients. It is investing in IT system integration and shared service centers to support those clients."
ICON plc closed at $31.74 on Monday.
Market News and Data brought to you by Benzinga APIs© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Loading...
date | ticker | name | Price Target | Upside/Downside | Recommendation | Firm |
---|
Benzinga simplifies the market for smarter investing
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
Join Now: Free!
Already a member?Sign in