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Fly News Breaks for August 31, 2017
ICFI
Aug 31, 2017 | 08:29 EDT
SunTrust analyst Tobey Sommer estimates that ICF International could obtain "a comparable amount" of revenue in the wake of Hurricane Harvey to the $900M that it received following Hurricane Katrina. The analyst says that spending on home reconstruction could be three to four times higher in the wake of Harvey than following Katrina, but he says that there will be more competition for ICF following Harvey while home values are significantly lower in Houston. He keeps a $56 price target and a Buy rating on ICF.
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