Icon price target lowered to $260 from $265 at Baird

Baird analyst Eric Coldwell lowered the firm’s price target on Icon to $260 from $265 and keeps an Outperform rating on the shares. The analyst said it remains his top sector pick and after meeting with management noted there was no notable shift or tone change from a well-delivered 3Q message that helped get the Street closer to reasonable 2023 expectations and made the shares more interesting.