Canaccord believes the pullback in ICF International shares over the last two weeks is an over reaction to a recent Supreme Court decision that eliminated a 40-year-old precedent called Chevron deference. Canaccord believes the decision does not materially impact ICF’s business because the impacted business is roughly 1-2% of total revenues and the decision will not automatically impact the existing set of regulations. Canaccord maintains its Buy rating and $187 price target on ICF International shares.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% 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>>
Read More on ICFI:
- Birkenstock upgraded, Charter initiated: Wall Street’s top analyst calls
- Truist downgrades ICF on elevated risk post presidential debate
- ICF International downgraded to Hold from Buy at Truist
- ICF International upgraded to Outperform from Market Perform at William Blair
- ICF International to Present at Annual Growth Stock Conference