Icon upgraded to Buy from Neutral at BofA

BofA analyst Derik de Bruin upgraded Icon to Buy from Neutral with a price target of $260, down from $265. The analyst has more confidence in the company’s ability to deliver on its targets. Strong core growth and deal synergies are largely offsetting Icon’s headwinds, de Bruin tells investors in a research note. He sees an attractive valuation at current share levels.