ICF International price target raised to $168 from $148 at Truist

Truist raised the firm’s price target on ICF International to $168 from $148 and keeps a Buy rating on the shares after its Q4 earnings beat. The company’s momentum is gathering steam, though lower pass-through revenue and small business impacted the quarter and restrains the firm’s modeled growth in the first half, the analyst tells investors in a research note. Truist adds however that its price target increase reflects higher market multiples in Government Services.