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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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