ICON upgraded at BofA on better CRO demand, improved 2027 visibility
BofA Securities upgraded ICON Public Limited Co. (ICLR) to neutral from underweight, citing improved demand for contract research organization services. The bank expects R&D spending growth of ~4% for top 50 biopharma companies by 2027, enhancing visibility. ICLR shares may benefit from this trend, according to the report.
