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Fly News Breaks for February 20, 2020
ICLR
Feb 20, 2020 | 06:53 EDT
Mizuho analyst Ann Hynes raised the firm's price target on Icon to $194 from $179 and reiterates a Buy rating on the shares. The company reported a "high-quality" Q4 with high-single digit revenue growth, margin expansion, consistent book-to-bill and double-digit backlog growth, Hynes tells investors in a research note. The analyst believes earnings visibility is high for Icon given the underlying industry fundamentals.