Barrington raised the firm’s price target on ICF International to $145 from $138 and keeps an Outperform rating on the shares. The firm said the company’s Q2 results showed continued top-line strength, with the increase in total revenue resulting from strong organic revenue growth of 10%. Barrington added ICF still has five key growth catalysts in place that are anticipated to grow, including IT modernization and digital transformation services for the federal government; work for federal government agencies in the public health arena; disaster recovery and mitigation services; program management and advisory services for energy utilities; and climate, environment, and infrastructure consulting services.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 55% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See Insiders’ Hot Stocks on TipRanks >>
Read More on ICFI:
- ICF International awarded $24M contract by Government of Puerto Rico’s P3
- ICF International price target raised to $138 from $135 at Canaccord
- ICF Reports Second Quarter 2023 Results
- ICF International sees FY23 adjusted EPS $6.15-$6.45, consensus $6.24
- ICF International reports Q2 adjusted EPS $1.57, consensus $1.45