ICF International price target raised to $138 from $135 at Canaccord

Canaccord analyst Joseph Vafi raised the firm’s price target on ICF International to $138 from $135 and keeps a Buy rating on the shares. The firm said they are encouraged by its modest but steady acceleration in momentum in the core business, including organic growth reaching double digits and overall growth above 18%. Canaccord likes its very strong growth in commercial energy as well as steady results in IT modernization.