Icon price target raised to $262 from $255 at Guggenheim

Guggenheim analyst Sandy Draper raised the firm’s price target on Icon to $262 from $255 and keeps a Buy rating on the shares after reviewing commentary and 2023 EPS guidance from the company at a competitor conference and more recent comments from industry competitors. The two primary changes in the firm’s model are slight adjustments to the tax rate in 2023 and interest expense in 2024, Draper tells investors in a research note.