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Fly News Breaks for June 3, 2016
PFE, ICLR
Jun 3, 2016 | 05:41 EDT
Jefferies analyst David Windley downgraded ICON plc (ICLR) to Hold saying the recent 14% rally in the sahres "seems to disregard" the company's declining bookings and revenue. Falling revenue from Pfizer (PFE) is hard to offset, Windley tells investors in a research note. He lowered his price target for ICON shares to $78 from $80.
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