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Benzinga
Benzinga
Business
Akanksha Bakshi

Barrington Hikes ICF Price Target By ~3%

ICF Barrington Nasdaq
  • Barrington analyst Kevin Steinke raised the price target on ICF International Inc (NASDAQ:ICFI) to $121 from $118 while maintaining the Outperform rating on the shares.
  • The analyst raised the price target after reviewing the recent Q1 results and 2022 guidance reiteration.
  • Steinke mentions that ICF recently held an Investor Day event focused on five key catalysts.
  • The analyst stated that the company has a healthy organic growth outlook and margin expansion potential.
  • Price Action: ICFI shares are trading lower by 2.62% at $94.62 on the last check Monday.
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