Goldman Sachs Starts CACI International (CACI) at Buy

May 9, 2019 4:25 AM EDT
Get Alerts CACI Hot Sheet
Price: $268.43 --0%

Rating Summary:
    18 Buy, 9 Hold, 0 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 10 | Down: 12 | New: 28
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Goldman Sachs analyst Gavin Parsons initiates coverage on CACI International (NYSE: CACI) with a Buy rating and a price target of $260.00.

  • Expects outperformance through consolidation.
  • Favors management's proactive pivot to value-add products/work.
  • Says strategic M&A approach makes Co. a through-cycle outperformer.
  • Says market is mis-modeling M&A optionality.
  • "We see upside to margins over next few years from LGS and Mastodon, which are also accretive to CACI’s growth rate. These two transactions result in an immediate step-up to margins as well as greater operating leverage going forward, which the market does not appear to be modeling."

For an analyst ratings summary and ratings history on CACI International click here. For more ratings news on CACI International click here.

Shares of CACI International closed at $200.07 yesterday.

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