Canaccord downgraded ICF International (ICFI) to Hold from Buy with a price target of $100, down from $200. The “unprecedented dynamics in Washington” create uncertainty for ICF for at least the next few quarters, the analyst tells investors in a research note. The firm points out the Trump administration is shuttering U.S. Agency for International Development and canceling many federal government contracts. ICF’s core federal segment business is under unprecedented pressure, contends Canaccord.
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