Sep. 9 at 7:29 PM
Jefferies upgraded IQVIA Holdings and Charles River Laboratories to Buy while cutting ICON to Hold. IQVIA was named top pick, with stronger client wins, stable trends, and less reliance on single customers; price target raised to
$225. ICON faces client losses, project cancellations near $ 1B in Q3, and biotech weakness, leading to a price target cut to
$175. Charles River gained on stronger bookings, safety-testing demand, and potential value from a manufacturing unit sale, with a
$195 target. Jefferies stayed cautious on Medpace (valuation) and Fortrea (execution risks).
$IQV $CRL $ICLR $ICON