Sidoti & Co. Downgrades ICF International to Neutral, Announces $140 Price Target
Portfolio Pulse from Benzinga Newsdesk
Sidoti & Co. analyst Marc Riddick has downgraded ICF International (ICFI) from Buy to Neutral and set a price target of $140. The downgrade reflects a more cautious stance on the stock, although the price target suggests some potential upside from current levels.
November 14, 2023 | 3:52 pm
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NEUTRAL IMPACT
ICF International was downgraded by Sidoti & Co. from Buy to Neutral, with a new price target of $140, indicating a neutral outlook on the stock's short-term performance.
The downgrade from Buy to Neutral by a reputable analyst firm like Sidoti & Co. typically suggests that the stock may not have as much upside potential as previously thought, leading to a neutral short-term impact on the stock price. However, the price target of $140 still implies some room for growth from current levels, which may prevent a negative reaction in the stock price.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100