Truist analyst Tobey Sommer raised the firm’s price target on CACI (CACI) to $525 from $475 and keeps a Buy rating on the shares after its earnings beat and guidance raise. The company’s focus on national security work will continue to be a needed resource for customers, and the firm expects CACI to be a beneficiary of the reported $1T defense budget, the analyst tells investors in a research note.
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Read More on CACI:
- CACI price target raised to $531 from $467 at UBS
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- Caci International’s Strong Q3 Performance and Raised FY2025 Outlook Support Buy Rating
- CACI reports Q3 adjusted EPS $6.23, consensus $5.60
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