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Fly News Breaks for February 27, 2019
ICFI
Feb 27, 2019 | 06:35 EDT
Loop Capital analyst Joseph Vafi kept his Buy rating and $89 price target on ICF International, saying the company's FY19 guidance was "very attractive" with "all of its business lines set up for growth and potential margin expansion". The analyst notes that the company's hurricane-related opportunities are converting and ramping up with more funds in the FEMA Puerto Rico and Texas HUD contracts, adding that several billion dollars in Community Development Block Grant related funds are also yet to be awarded. In light of its strong momentum exiting 2018, Vafi believes that ICF International outlook for FY19 is "quite achievable".
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