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Fly News Breaks for April 27, 2016
ICLR
Apr 27, 2016 | 07:56 EDT
After ICON's stock dropped 8% following its earnings, SunTrust says the miss was caused by short-term issues, including lumpiness of contract awards from large pharma companies. The firm expects the company's bookings and sales to rebound, causing the multiple to rise. SunTrust keeps a Buy rating on the shares.
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