ICON (ICLR) Maintains A Buy Rating

Analyst David Windley at Jefferies & Company, Inc. has maintained a Buy rating for ICON plc (ADR) (NASDAQ: ICLR). Jefferies has maintained its price target of $28.50 for ICON plc.

The company has reported results for the fourth-quarter. The company reported EPS of $0.40 on revenue of $227 million for the fourth-quarter, higher than Jefferies’ EPS estimate of $0.37 on revenue of $225.6 million, and the consensus EPS estimate of $0.38 on revenue of $224 million.

According to Jefferies, the company has pieces in place to benefit from a global push, strategic partnerships, and functional business models.