BofA raised the firm’s price target on CACI (CACI) to $585 from $570 and keeps a Buy rating on the shares. Software-defined applications in defense remain in the early innings, but this trend is beginning to accelerate meaningfully across the spectrum and the firm sees CACI as “a key beneficiary,” the analyst tells investors. The firm has raised its adjusted EPS estimates to account for continued strong profitability, the analyst noted.
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