Syneos Health Falls Most in a Year Amid SEC Probe of Accounting

Syneos Health Inc. fell the most in more than a year after saying its fourth-quarter earnings release would be delayed as it reviews internal controls amid an SEC investigation into its accounting policies.

Analysts said the issues were probably related to the company’s adoption of new rules regarding revenue recognition. The shares fell 20 percent at 1:55 p.m., Feb. 28, in New York, on track for their biggest drop since November 2017.

Here’s what Wall Street is saying:

Jefferies, David Windley

“Headlines like this are never well-received,” Windley wrote. “We think the inquiry could be ASC-606 related, but even ...