Truist Securities Maintains Buy on Icon, Lowers Price Target to $295
Portfolio Pulse from Benzinga Newsdesk
Truist Securities has maintained a Buy rating on Icon (NASDAQ:ICLR) but has lowered the price target from $363 to $295.
October 28, 2024 | 1:20 pm
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Truist Securities has maintained a Buy rating on Icon but reduced the price target from $363 to $295, indicating a more cautious outlook.
The maintenance of a Buy rating suggests continued confidence in Icon's potential, but the lowered price target reflects a more cautious outlook on its valuation. This mixed signal may lead to neutral short-term price movement as investors digest the implications.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100