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Icon (ICLR) Receives a Buy from TD Cowen

Tipranks - Mon Jun 1, 10:04PM CDT

In a report released yesterday, Charles Rhyee from TD Cowen maintained a Buy rating on Icon, with a price target of $164.00.

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According to TipRanks, Rhyee is a 4-star analyst with an average return of 3.4% and a 49.19% success rate. Rhyee covers the Healthcare sector, focusing on stocks such as IQVIA Holdings, Veradigm, and Cencora.

In addition to TD Cowen, Icon also received a Buy from Robert W. Baird’s Eric Coldwell in a report issued on May 29. However, on the same day, J.P. Morgan maintained a Hold rating on Icon (NASDAQ: ICLR).

Based on Icon’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $2.19 billion and a GAAP net loss of $110.14 million. In comparison, last year the company earned a revenue of $2.04 billion and had a net profit of $260 million

Based on the recent corporate insider activity of 6 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of ICLR in relation to earlier this year.

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