UBS Maintains a 'Neutral' on CACI International (CACI); Raising PT
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Price: $64.20 --0%
Rating Summary:
2 Buy, 8 Hold, 1 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 0 | Down: 1 | New: 6
Rating Summary:
2 Buy, 8 Hold, 1 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 0 | Down: 1 | New: 6
Trade CACI Now!
UBS maintains a 'Neutral' on CACI International (NYSE: CACI), PT increased from $52 to $59.
UBS analyst says, "We raise our price target on CACI to $59, driven mostly by a modestly higher target multiple due to takeout potential in the government IT services sector (ie, SRX; see Feb. 16 note) and CACI's solid execution. But we remain cautious on the demand outlook in the federal IT market, given budget delays (ie, lingering continuing resolution, which will likely inhibit new project starts) and potential cutbacks in discretionary spending...Maintain Neutral ratings on SAIC (NYSE: SAI) and SRA Intl (NYSE: SRX); Harris Corp (NYSE: HRS) remains Buy-rated."
For more ratings news on CACI International click here and for the rating history of CACI International click here.
Shares of CACI International closed at $58.14 yesterday, with a 52 week range of $40.00-$60.12.
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UBS analyst says, "We raise our price target on CACI to $59, driven mostly by a modestly higher target multiple due to takeout potential in the government IT services sector (ie, SRX; see Feb. 16 note) and CACI's solid execution. But we remain cautious on the demand outlook in the federal IT market, given budget delays (ie, lingering continuing resolution, which will likely inhibit new project starts) and potential cutbacks in discretionary spending...Maintain Neutral ratings on SAIC (NYSE: SAI) and SRA Intl (NYSE: SRX); Harris Corp (NYSE: HRS) remains Buy-rated."
For more ratings news on CACI International click here and for the rating history of CACI International click here.
Shares of CACI International closed at $58.14 yesterday, with a 52 week range of $40.00-$60.12.
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