Icon price target lowered to $340 from $368 at Baird

Baird analyst Eric Coldwell lowered the firm’s price target on Icon to $340 from $368 and keeps an Outperform rating on the shares. In the firm’s Q2 Contract Research Organization, or CRO, quarterly review and outlook note, the analyst says “fundamentals weakened, tone shifted, confusion reigned supreme since Q2.” However, Baird adds that “September changed the narrative, keeping us on board into earnings.”