Noble Capital analyst Joe Gomes notes that CoreCivic (CXW) announced a new intergovernmental agreement to resume operations at the 2,400-bed South Texas Family Residential Center in Dilley, Texas and entered into a new lease agreement with Target Hospitality (TH), the owner of the facility. The firm, which view this deal as “a further confirmation of the Federal government’s need for additional bed capacity in the drive to deport undocumented migrants,” maintains an Outperform rating and $25 price target on CoreCivic shares.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
- Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on CXW:
- Morning Movers: Burlington jumps and Macy’s falls as retailers report earnings
- Target Hospitality enters five-year lease, services pact with CoreCivic
- Closing Bell Movers: MongoDB, Marvell Technology down double digits
- CoreCivic resumes operations at South Texas Family Residential Center
- CoreCivic Board Member Anne Mariucci Steps Down