ICON stock sinks nearly 8% after Truist downgrade puts 2026 outlook in the spotlight
ICON shares fell 7.9% to $186.83 Thursday after Truist downgraded the stock to “hold” and cut its target price to $222. The drop outpaced declines in CRO peers. A new SEC filing confirmed ICON will issue 2026 guidance with its next earnings. Truist cited margin pressure and uncertainty over cancellations as reasons for the downgrade.
