Jefferies Boosts Price Target ICON plc (ICLR) After Q4 Results, Maintains Hold
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Price: $288.82 -1.03%
Rating Summary:
16 Buy, 5 Hold, 0 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 11 | Down: 18 | New: 17
Rating Summary:
16 Buy, 5 Hold, 0 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 11 | Down: 18 | New: 17
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Jefferies raised its price target on ICON plc (NASDAQ: ICLR) from $17 to $18.50, but kept its Hold rating after lackluster Q4 results and a moderation to the growth outlook.
The firm noted 4Q failed to accelerate as expected also FX lowered revenue guidance and stole any hopes of an upward revision to 2012.
The firm reiterated its Hold rating on the company's 21x '12 P/E multiple and still slow revenue conversion.
For an analyst ratings summary and ratings history on ICON plc click here. For more ratings news on ICON plc click here.
Shares of ICON plc closed at $20.45 yesterday.
The firm noted 4Q failed to accelerate as expected also FX lowered revenue guidance and stole any hopes of an upward revision to 2012.
The firm reiterated its Hold rating on the company's 21x '12 P/E multiple and still slow revenue conversion.
For an analyst ratings summary and ratings history on ICON plc click here. For more ratings news on ICON plc click here.
Shares of ICON plc closed at $20.45 yesterday.
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