ICON shares are trading lower following worse-than-expected Q3 financial results. Also, Baird downgraded the stock from Outperform to Neutral and announced a $340 price target.
Portfolio Pulse from Benzinga Newsdesk
ICON shares fell due to disappointing Q3 results and a downgrade by Baird from Outperform to Neutral, with a new price target of $340.
October 24, 2024 | 11:36 am
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NEGATIVE IMPACT
ICON's stock is trading lower after the company reported worse-than-expected Q3 financial results. Additionally, Baird downgraded the stock from Outperform to Neutral and set a price target of $340.
The negative Q3 results directly impact investor sentiment, leading to a downgrade by Baird. The downgrade and new price target suggest a less optimistic outlook, likely causing short-term downward pressure on the stock.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100