CACI upgraded to Buy from Sell at Goldman Sachs

Goldman Sachs double upgraded CACI (CACI) to Buy from Sell with a price target of $544, up from $407. The firm views CACI as the best positioned in the defense space under the Trump administration. The company is expanding its already above peer-average margins, due to its pivot to advanced technologies and should grow faster than peers over the medium-term, the analyst tells investors in a research note. Goldman views the stock as less expensive than peers on its revised estimates.