Goldman Sachs Maintains Buy on Icon, Lowers Price Target to $280
Portfolio Pulse from Benzinga Newsdesk
Goldman Sachs analyst Matthew Sykes maintains a Buy rating on Icon (NASDAQ:ICLR) but lowers the price target from $370 to $280.
October 25, 2024 | 4:15 pm
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Goldman Sachs has maintained its Buy rating on Icon but has lowered the price target from $370 to $280, indicating a more conservative outlook.
The maintenance of a Buy rating suggests continued confidence in Icon's potential, but the lowered price target indicates a more cautious outlook on its future performance. This could lead to short-term downward pressure on the stock as investors adjust expectations.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100