Icon price target raised to $345 from $315 at Mizuho

Mizuho raised the firm’s price target on Icon to $345 from $315 and keeps a Buy rating on the shares. After sounding cautious on the demand evironment in early January at a competitor conference, Icon noted on the Q4 earnings call there as been an acceleration of requests for proposals thus far in 2024, which could indicate a bottom in the funding environment, the analyst tells investors in a research note.