Jefferies Upgrades INC Research Holdings (INCR) to Buy

Jefferies upgraded INC Research Holdings (NASDAQ: INCR) from Hold to Buy with a price target of $69.00 (from $62.50).

Analyst David Windley expects strong Clinical growth, positive Commercial growth, synergy achievement, and slightly lower cost of capital relative to Proxy expectations through 2018 and 2019 to drive shareholder returns. The analyst notes that fear of Commercial downside is disproportionately weighing on the stock.

For an analyst ratings summary and ratings history on INC Research Holdings click here. For more ratings news on INC Research Holdings click here.

Shares of INC Research Holdings closed at $54.45 Friday.

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