Barclays maintains an 'Equalweight' on Corrections Corporation (CXW); Increasing Estimates for OH Win

Barclays maintains an 'Equalweight' on Corrections Corporation of America (NYSE: CXW) price target of $25.00.

Barclays analyst says, "The Ohio Department of Rehabilitation and Correction (OH) announced yesterday (Sep 1 2011) its decision to sell the 1,798-bed Lake Erie Correctional Institution (Conneaut, OH; currently managed by MTC) to CXW for $73mn. Generally speaking, we view this as a positive and opportunistic deal by CXW. We raise our 2012E EPS estimate. (from $1.52 to $1.57)"

For more ratings news on Corrections Corporation of America click here and for the rating history of Corrections Corporation of America click here.

Shares of Corrections Corporation of America closed at $22.51 yesterday.

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