Icon price target raised to $285 from $265 at Baird

Baird analyst Eric Coldwell raised the firm’s price target on Icon to $285 from $265 and keeps an Outperform rating on the shares. The analyst said ICON delivered its typical consistent, measured, and transparent update. All parts of 2023 guidance are maintained while some additional nuance on business environment, margin expectations and capital allocation objectives provide us incremental confidence for 2023.