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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