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Fly News Breaks for September 11, 2018
ICLR
Sep 11, 2018 | 07:31 EDT
KeyBanc analyst Donald Hooker raised his price target for Icon to $157 from $152 after attending the company's Investor Day. The analyst believes that double-digit organic revenue growth is an increasingly possible bull-case scenario for 2019, given continuing strong net bookings in Q3 coupled with a potentially stabilizing backlog burn rate. A highly liquid balance sheet allows for potentially accretive acquisitions, Hooker adds. He reiterates an Overweight rating on the shares.
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