Wells Fargo Resumes Coverage on ICON plc (ICLR) at Market Perform; Strong Franchise, But Cloudy Outlook
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Price: $163.15 -2.59%
Rating Summary:
13 Buy, 12 Hold, 1 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
Rating Summary:
13 Buy, 12 Hold, 1 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
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Wells Fargo resumes coverage on ICON plc (NASDAQ: ICLR) with a Market Perform. PT range $18-$19.
Wells analyst says, "Despite ICLR's strong franchise and reputation among clients, the company has experienced in recent quarters some of the most intense margin pressure in the group, which we think may continue longer than current estimates suggest...We set our 2011 and 2012 EPS estimates at $0.58 and $1.14, respectively."
For more ratings news on ICON plc click here and for the rating history of ICON plc click here.
Shares of ICON plc closed at $17.14 yesterday.
Wells analyst says, "Despite ICLR's strong franchise and reputation among clients, the company has experienced in recent quarters some of the most intense margin pressure in the group, which we think may continue longer than current estimates suggest...We set our 2011 and 2012 EPS estimates at $0.58 and $1.14, respectively."
For more ratings news on ICON plc click here and for the rating history of ICON plc click here.
Shares of ICON plc closed at $17.14 yesterday.
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