ICON plc (ICLR) PT Raised to $383 at Truist Securities

Truist Securities analyst Jailendra Singh raised the price target on ICON plc (NASDAQ: ICLR) to $383.00 (from $367.00) while maintaining a Buy rating.

The analyst comments "Growth Expectations by Customer Segments. In 1H24, ICLR grew revenue outside its top five customers by over 8%, which has helped offset headwinds from COVID work and FX this year and develop top tier customers of the future. ICLR flagged that this dynamic is likely to continue playing out in 2H24. The company is optimistic on the ex-top-five customers growth and expects ~HSD growth from the cohort while top-five customer growth will probably continue to be more of a drag factor in 2H24."

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