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Fly News Breaks for November 16, 2017
INCR
Nov 16, 2017 | 08:19 EDT
Baird analyst Eric Coldwell acknowledged last week's earnings report from INC Research was disappointing and he expected a stock decline, but he believes the weakness is overdone and he would be a buyer of the shares at current levels. He said the current valuation is now significantly discounted to its peers and the sum-of-the parts valuation implies no value is being assigned to its Commercial business. Coldwell reiterated his Outperform rating and $46 price target on INC Research shares.
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