Barclays raised the firm’s price target on Syneos Health to $45 from $30 and keeps an Underweight rating on the shares after Reuters reported that the company is putting itself up for sale. The analyst’s sum-of-the-parts analysis shows "significant potential upside" to current shares from the business breaking up. However, the firm has limited confidence in Syneos Health’s fundamentals in 2023 and 2024.
Published first on TheFly
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