CACI price target lowered to $475 from $550 at Truist

Truist analyst Tobey Sommer lowered the firm’s price target on CACI (CACI) to $475 from $550 and keeps a Buy rating on the shares as part of a broader research note previewing Q1 results in Government Services. The firm believes that the group could become more investable over the next six months as several upcoming catalysts improve visibility for the size and location of budget cuts and DOGE’s actions, the analyst tells investors in a research note. Broader macro uncertainty and the market sell-off could also drive incremental buyers to the group, which historically has been viewed as defensive, Truist added.