Jefferies: Too many adverse factors, downgrades Icon PLC (ICLR.US) rating to "hold"

According to the Wise Finance APP, Jefferies analyst David Windley has downgraded Icon PLC (ICLR.US) from a "buy" rating to a "hold" rating, and has lowered the target price from $220 to $175. Windley currently believes that there are "too many" unfavorable factors facing Icon PLC, so he no longer recommends the stock. Despite the stock being "inexpensive", performance expectations may be further lowered.